Aubrey Capital Management Ltd Invests $208,000 in LCI Industries (NYSE:LCII)

Aubrey Capital Management Ltd purchased a new stake in LCI Industries (NYSE:LCII) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,724 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in shares of LCI Industries during the first quarter valued at approximately $46,000. Blue Trust Inc. lifted its holdings in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares in the last quarter. GAMMA Investing LLC lifted its holdings in LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after purchasing an additional 272 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after purchasing an additional 370 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of LCI Industries during the second quarter worth $93,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 1.1 %

Shares of NYSE LCII opened at $114.98 on Thursday. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The company has a market capitalization of $2.93 billion, a P/E ratio of 22.37 and a beta of 1.41. The company has a 50 day simple moving average of $116.88 and a 200-day simple moving average of $111.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) 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%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. On average, equities research analysts predict that LCI Industries will post 5.65 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.65%. LCI Industries’s payout ratio is currently 81.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Raymond James started coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Benchmark reissued a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. One research 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, LCI Industries has a consensus rating of “Hold” and a consensus price target 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.