GSA Capital Partners LLP Sells 6,211 Shares of LCI Industries (NYSE:LCII)

GSA Capital Partners LLP lessened its stake in LCI Industries (NYSE:LCII) by 72.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,380 shares of the company’s stock after selling 6,211 shares during the quarter. GSA Capital Partners LLP’s holdings in LCI Industries were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV increased its holdings in LCI Industries by 4.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after purchasing an additional 90 shares during the last quarter. nVerses Capital LLC increased its holdings in LCI Industries by 7.7% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after purchasing an additional 100 shares during the last quarter. HM Payson & Co. increased its holdings in LCI Industries by 6.4% in the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares during the last quarter. Hsbc Holdings PLC increased its holdings in LCI Industries by 2.6% in the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after purchasing an additional 105 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in LCI Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 1.3 %

LCII stock opened at $120.95 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The stock has a market capitalization of $3.08 billion, a P/E ratio of 23.28 and a beta of 1.41. The business has a 50-day moving average of $117.30 and a 200-day moving average of $112.06. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, sell-side analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.15 per share. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Friday, November 29th. LCI Industries’s dividend payout ratio is currently 81.71%.

Wall Street Analysts Forecast Growth

LCII has been the subject of several recent analyst reports. Raymond James initiated coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Truist Financial increased their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Finally, StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, LCI Industries presently has a consensus 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.