International Assets Investment Management LLC Acquires 10,182 Shares of LCI Industries (NYSE:LCII)

International Assets Investment Management LLC raised its holdings in shares of LCI Industries (NYSE:LCII) by 5,533.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,366 shares of the company’s stock after purchasing an additional 10,182 shares during the period. International Assets Investment Management LLC’s holdings in LCI Industries were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares in the last quarter. LRI Investments LLC bought a new stake in shares of LCI Industries during the first quarter valued at approximately $46,000. GAMMA Investing LLC increased its position in shares of LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 272 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of LCI Industries during the first quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of LCI Industries by 99.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCI Industries stock opened at $111.62 on Tuesday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 23.40 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The firm has a 50-day moving average of $117.10 and a two-hundred day moving average of $111.33.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.24. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $1.31 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that LCI Industries will post 5.97 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $1.05 per share. The ex-dividend date was Friday, August 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.76%. LCI Industries’s dividend payout ratio (DPR) is presently 88.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LCII. Truist Financial raised their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Raymond James began coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. Finally, StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $112.20.

LCI Industries Company Profile

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.