LCI Industries $LCII Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of LCI Industries (NYSE:LCII) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,841 shares of the company’s stock after purchasing an additional 629 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.07% of LCI Industries worth $1,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in shares of LCI Industries by 482.2% during the first quarter. Millennium Management LLC now owns 635,540 shares of the company’s stock worth $55,565,000 after purchasing an additional 526,378 shares during the last quarter. ARGA Investment Management LP grew its stake in LCI Industries by 1,386.8% during the 2nd quarter. ARGA Investment Management LP now owns 424,374 shares of the company’s stock worth $38,699,000 after buying an additional 395,831 shares during the last quarter. Boston Partners acquired a new position in LCI Industries during the first quarter worth approximately $20,721,000. Jane Street Group LLC lifted its stake in LCI Industries by 651.1% in the first quarter. Jane Street Group LLC now owns 234,864 shares of the company’s stock valued at $20,534,000 after buying an additional 203,594 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in LCI Industries by 70.4% in the second quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock valued at $39,745,000 after buying an additional 180,060 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Stock Performance

NYSE LCII opened at $110.06 on Wednesday. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 18.37 and a beta of 1.34. The business’s 50 day moving average is $96.67 and its two-hundred day moving average is $94.84. 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.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The firm had revenue of $1 billion for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Research analysts expect that LCI Industries will post 6.76 EPS for the current 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 issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is currently 64.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LCII shares. Robert W. Baird upped their target price on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Truist Financial upped their price objective on LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Roth Capital lifted their target price on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen raised LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $113.67.

About LCI Industries

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.