Impact Capital Partners LLC Purchases 691 Shares of LCI Industries (NYSE:LCII)

Impact Capital Partners LLC boosted its stake in LCI Industries (NYSE:LCII) by 19.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,256 shares of the company’s stock after acquiring an additional 691 shares during the period. Impact Capital Partners LLC’s holdings in LCI Industries were worth $372,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of LCI Industries by 205.8% in 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 in the last quarter. LRI Investments LLC boosted its position in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock valued at $41,000 after acquiring an additional 311 shares during the period. Headlands Technologies LLC bought a new position in shares of LCI Industries in the fourth quarter valued at approximately $59,000. Blue Trust Inc. boosted its position in shares of LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after acquiring an additional 234 shares during the period. Finally, Covestor Ltd boosted its position in shares of LCI Industries by 159.3% in the fourth quarter. Covestor Ltd now owns 765 shares of the company’s stock valued at $79,000 after acquiring an additional 470 shares during the period. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LCII shares. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Wednesday, February 12th. Baird R W lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Truist Financial lifted their target price on shares of LCI Industries from $80.00 to $88.00 and gave the company a “hold” rating in a research report on Tuesday, June 3rd. Robert W. Baird dropped their target price on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Finally, Wall Street Zen lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $114.50.

LCI Industries Trading Up 0.8%

Shares of LCI Industries stock opened at $89.17 on Friday. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The firm has a market cap of $2.25 billion, a PE ratio of 15.92 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The company has a 50 day simple moving average of $83.29 and a two-hundred day simple moving average of $97.23.

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

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.16%. LCI Industries’s payout ratio is 75.41%.

LCI Industries announced that its Board of Directors has authorized a share buyback program on Thursday, May 15th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.