AlphaQuest LLC Lowers Stock Holdings in LCI Industries $LCII

AlphaQuest LLC lowered its stake in shares of LCI Industries (NYSE:LCII) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,567 shares of the company’s stock after selling 1,425 shares during the quarter. AlphaQuest LLC’s holdings in LCI Industries were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LCII. SVB Wealth LLC purchased a new position in shares of LCI Industries during the first quarter worth about $28,000. Signaturefd LLC grew its holdings in shares of LCI Industries by 591.5% during the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after buying an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of LCI Industries by 535.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after buying an additional 439 shares during the last quarter. State of Wyoming acquired a new stake in LCI Industries in the first quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC lifted its position in LCI Industries by 45.5% in the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock valued at $47,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII stock opened at $92.03 on Monday. The firm has a 50 day moving average of $97.18 and a 200-day moving average of $92.63. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 15.36 and a beta of 1.31.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The company had revenue of $1 billion during the quarter. As a group, equities analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is presently 76.79%.

Wall Street Analyst Weigh In

LCII has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Saturday. Truist Financial raised their price objective on shares of LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Finally, BMO Capital Markets raised their price objective on shares of LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and a consensus price target of $104.00.

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.