Trexquant Investment LP Sells 32,607 Shares of LCI Industries (NYSE:LCII)

Trexquant Investment LP cut its stake in shares of LCI Industries (NYSE:LCII) by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,078 shares of the company’s stock after selling 32,607 shares during the period. Trexquant Investment LP owned 0.20% of LCI Industries worth $5,281,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LCII. Centiva Capital LP purchased a new stake in LCI Industries in the 3rd quarter worth approximately $628,000. Readystate Asset Management LP purchased a new stake in shares of LCI Industries in the third quarter worth $500,000. Stifel Financial Corp boosted its stake in LCI Industries by 0.3% during the third quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock valued at $9,952,000 after buying an additional 242 shares during the period. XTX Topco Ltd purchased a new position in LCI Industries during the third quarter worth about $770,000. Finally, MML Investors Services LLC bought a new position in LCI Industries in the 3rd quarter worth about $260,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on LCII shares. Truist Financial boosted their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Robert W. Baird reissued a “neutral” rating and issued a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a research note on Friday. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 31st. Finally, CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.20.

LCI Industries Trading Up 1.0 %

Shares of LCII opened at $81.78 on Friday. LCI Industries has a fifty-two week low of $75.72 and a fifty-two week high of $129.38. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 14.60 and a beta of 1.45. The firm has a 50 day moving average price of $98.29 and a 200-day moving average price of $108.32. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. As a group, equities research analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.62%. LCI Industries’s dividend payout ratio (DPR) is currently 82.14%.

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.