ARGA Investment Management LP Has $3.26 Million Stock Holdings in LCI Industries (NYSE:LCII)

ARGA Investment Management LP increased its position in LCI Industries (NYSE:LCII) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 27,030 shares of the company’s stock after purchasing an additional 958 shares during the quarter. ARGA Investment Management LP’s holdings in LCI Industries were worth $3,258,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its stake in shares of LCI Industries by 18.9% in the third quarter. Hantz Financial Services Inc. now owns 6,193 shares of the company’s stock worth $747,000 after purchasing an additional 983 shares during the last quarter. De Lisle Partners LLP boosted its position in shares of LCI Industries by 11.0% during the third quarter. De Lisle Partners LLP now owns 24,652 shares of the company’s stock valued at $2,975,000 after buying an additional 2,444 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of LCI Industries during the third quarter valued at approximately $756,000. Raymond James Trust N.A. boosted its position in shares of LCI Industries by 10.4% during the third quarter. Raymond James Trust N.A. now owns 3,812 shares of the company’s stock valued at $459,000 after buying an additional 358 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of LCI Industries by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after buying an additional 29,192 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LCII has been the topic of several analyst reports. Raymond James initiated coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Truist Financial lifted their target price on LCI Industries from $100.00 to $108.00 and gave the company 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 research report on Tuesday, October 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, LCI Industries currently has an average rating of “Hold” and an average target price of $112.20.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $120.81 on Friday. The business’s fifty day simple moving average is $117.60 and its 200 day simple moving average is $112.52. The firm has a market capitalization of $3.08 billion, a P/E ratio of 23.50 and a beta of 1.41. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share. As a group, analysts anticipate that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.81%. LCI Industries’s payout ratio is presently 81.71%.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

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.