International Assets Investment Management LLC Makes New Investment in LCI Industries (NYSE:LCII)

International Assets Investment Management LLC acquired a new position in LCI Industries (NYSE:LCII) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 23,256 shares of the company’s stock, valued at approximately $2,924,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eagle Bay Advisors LLC purchased a new position in shares of LCI Industries during the 2nd quarter worth about $28,000. Covestor Ltd boosted its stake in shares of LCI Industries by 85.3% during the 1st quarter. Covestor Ltd now owns 417 shares of the company’s stock worth $43,000 after purchasing an additional 192 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of LCI Industries during the 2nd quarter worth about $93,000. National Bank of Canada FI boosted its stake in shares of LCI Industries by 28.9% during the 3rd quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after purchasing an additional 249 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of LCI Industries by 115.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,459 shares of the company’s stock worth $184,000 after purchasing an additional 782 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Price Performance

LCI Industries stock opened at $104.19 on Friday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 41.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88. LCI Industries has a 1 year low of $102.39 and a 1 year high of $137.07. The firm has a 50-day moving average of $117.11 and a two-hundred day moving average of $116.24.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.24). LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The business had revenue of $837.54 million during the quarter, compared to the consensus estimate of $835.99 million. During the same quarter in the prior year, the firm posted ($0.68) EPS. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, research analysts forecast that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $1.05 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.20 annualized dividend and a dividend yield of 4.03%. LCI Industries’s dividend payout ratio is currently 166.01%.

Analyst Ratings Changes

A number of research firms recently commented on LCII. Robert W. Baird dropped their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Truist Financial reaffirmed a “hold” rating and set a $110.00 price target (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $105.00 to $100.00 in a research note on Monday, January 22nd. Finally, Roth Mkm lowered their price objective on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $104.20.

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.