LCI Industries (NYSE:LCII) Shares Acquired by Stadium Capital Management LLC

Stadium Capital Management LLC lifted its stake in shares of LCI Industries (NYSE:LCII) by 250.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,069 shares of the company’s stock after buying an additional 50,058 shares during the quarter. LCI Industries makes up about 6.1% of Stadium Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Stadium Capital Management LLC owned approximately 0.28% of LCI Industries worth $7,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in LCII. Charles Schwab Investment Management Inc. raised its holdings in shares of LCI Industries by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock worth $45,122,000 after purchasing an additional 25,145 shares during the period. Principal Financial Group Inc. raised its holdings in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after purchasing an additional 11,286 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of LCI Industries during the fourth quarter worth $266,000. Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the period. Finally, Congress Asset Management Co. raised its holdings in shares of LCI Industries by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock worth $5,952,000 after purchasing an additional 5,303 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Down 0.5%

LCI Industries stock opened at $88.90 on Friday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $83.46 and a two-hundred day moving average price of $100.23. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 15.88 and a beta of 1.26. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $972.04 million. During the same quarter in the prior year, the business posted $1.44 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries declared that its board has approved a share buyback plan on Thursday, May 15th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.17%. LCI Industries’s payout ratio is 75.41%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LCII. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. Robert W. Baird cut their price target on LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their price target on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Baird R W downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a report on Monday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, LCI Industries currently has an average rating of “Hold” and a consensus target price of $112.50.

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.