State Board of Administration of Florida Retirement System increased its stake in shares of LCI Industries (NASDAQ:LCII) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,301 shares of the company’s stock after buying an additional 180 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.06% of LCI Industries worth $1,464,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in LCII. Fortaleza Asset Management Inc. purchased a new stake in shares of LCI Industries during the second quarter valued at $144,000. Teacher Retirement System of Texas purchased a new stake in shares of LCI Industries during the second quarter valued at $202,000. New Jersey Better Educational Savings Trust purchased a new stake in shares of LCI Industries during the second quarter valued at $410,000. Catalyst Capital Advisors LLC grew its holdings in shares of LCI Industries by 122.2% during the second quarter. Catalyst Capital Advisors LLC now owns 4,000 shares of the company’s stock valued at $410,000 after buying an additional 2,200 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of LCI Industries by 113.9% during the second quarter. SG Americas Securities LLC now owns 4,436 shares of the company’s stock valued at $454,000 after buying an additional 2,362 shares during the last quarter.
A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price target on shares of LCI Industries in a report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $112.33.
In other LCI Industries news, insider Nick C. Fletcher sold 1,617 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $105.44, for a total transaction of $170,496.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David A. Reed sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $101.29, for a total transaction of $202,580.00. The disclosure for this sale can be found here.
Shares of LCI Industries (LCII) opened at 105.90 on Friday. LCI Industries has a 12-month low of $80.65 and a 12-month high of $117.15. The stock has a market capitalization of $2.64 billion and a price-to-earnings ratio of 19.12. The firm has a 50-day moving average of $99.66 and a 200 day moving average of $99.00.
LCI Industries (NASDAQ:LCII) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The company had revenue of $547.00 million for the quarter, compared to the consensus estimate of $507.56 million. LCI Industries’s revenue was up 24.0% compared to the same quarter last year. Equities analysts forecast that LCI Industries will post $5.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, August 16th.
LCI Industries Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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