LCI Industries (NYSE:LCII) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in LCI Industries (NYSE:LCII) by 98.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 549 shares of the company’s stock after purchasing an additional 272 shares during the quarter. GAMMA Investing LLC’s holdings in LCI Industries were worth $66,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SageView Advisory Group LLC lifted its stake in shares of LCI Industries by 9.6% in the 4th quarter. SageView Advisory Group LLC now owns 2,508 shares of the company’s stock worth $315,000 after acquiring an additional 219 shares during the period. Vanguard Group Inc. lifted its position in LCI Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 2,785,212 shares of the company’s stock worth $350,129,000 after purchasing an additional 12,018 shares during the period. PNC Financial Services Group Inc. boosted its stake in LCI Industries by 2.1% during 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 in the last quarter. Quadrature Capital Ltd acquired a new position in shares of LCI Industries during the 4th quarter valued at $901,000. Finally, Washington Capital Management Inc. bought a new stake in shares of LCI Industries in the 1st quarter worth $295,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII opened at $120.19 on Wednesday. The firm has a market capitalization of $3.06 billion, a P/E ratio of 32.66 and a beta of 1.41. The stock has a fifty day moving average of $116.56 and a 200-day moving average of $110.98. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36.

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

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio is currently 114.13%.

Analyst Upgrades and Downgrades

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

LCI Industries 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.