LCI Industries (NYSE:LCII) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in LCI Industries (NYSE:LCII) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,111,900 shares of the company’s stock after purchasing an additional 62,354 shares during the quarter. Dimensional Fund Advisors LP owned about 4.37% of LCI Industries worth $114,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in LCI Industries by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after purchasing an additional 92 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of LCI Industries by 7.7% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after acquiring an additional 100 shares during the last quarter. HM Payson & Co. lifted its holdings in shares of LCI Industries by 6.4% in the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after acquiring an additional 105 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of LCI Industries by 0.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock worth $1,784,000 after acquiring an additional 111 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of LCI Industries by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock worth $733,000 after acquiring an additional 130 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

LCI Industries stock opened at $118.32 on Tuesday. The firm has a market cap of $3.01 billion, a PE ratio of 32.15 and a beta of 1.41. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $114.48 and its two-hundred day moving average is $110.59.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 EPS. On average, research analysts expect that LCI Industries will post 6 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio is presently 114.13%.

Wall Street Analyst Weigh In

LCII has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a report on Wednesday, August 7th. Truist Financial upped their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $108.67.

About LCI Industries

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.