645 Shares in LCI Industries (NYSE:LCII) Acquired by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of LCI Industries (NYSE:LCII) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 645 shares of the company’s stock, valued at approximately $81,000.

Several other institutional investors and hedge funds have also bought and sold shares of LCII. Pacer Advisors Inc. raised its position in shares of LCI Industries by 70.9% in the fourth quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock worth $103,673,000 after acquiring an additional 342,165 shares during the period. FMR LLC boosted its position in LCI Industries by 35.1% during the third quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after purchasing an additional 320,243 shares in the last quarter. American Century Companies Inc. grew its holdings in LCI Industries by 20.3% in the third quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after purchasing an additional 50,470 shares during the period. International Assets Investment Management LLC acquired a new position in shares of LCI Industries during the 4th quarter worth approximately $2,924,000. Finally, Illinois Municipal Retirement Fund acquired a new position in LCI Industries during the third quarter worth $1,804,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Up 0.2 %

LCI Industries stock opened at $107.49 on Tuesday. The company has a market capitalization of $2.74 billion, a PE ratio of 42.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83. LCI Industries has a fifty-two week low of $102.39 and a fifty-two week high of $137.07. The firm has a 50 day moving average price of $115.33 and a 200 day moving average price of $115.87.

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

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.20 annualized dividend and a yield of 3.91%. LCI Industries’s payout ratio is 166.01%.

Wall Street Analyst Weigh In

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

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.