Yousif Capital Management LLC Reduces Stock Position in LCI Industries (NYSE:LCII)

Yousif Capital Management LLC reduced its stake in shares of LCI Industries (NYSE:LCII) by 2.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,453 shares of the company’s stock after selling 236 shares during the period. Yousif Capital Management LLC’s holdings in LCI Industries were worth $826,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after acquiring an additional 247 shares during the period. LRI Investments LLC lifted its stake in LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of LCI Industries during the fourth quarter worth about $59,000. Covestor Ltd increased its position in shares of LCI Industries by 159.3% during the fourth quarter. Covestor Ltd now owns 765 shares of the company’s stock worth $79,000 after acquiring an additional 470 shares during the period. Finally, Lido Advisors LLC purchased a new stake in shares of LCI Industries during the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LCII shares. Robert W. Baird decreased their target price on LCI Industries from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Truist Financial lifted their price target 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. Baird R W downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $114.50.

LCI Industries Stock Up 0.3%

LCII opened at $88.82 on Friday. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The firm has a 50 day moving average price of $85.02 and a 200 day moving average price of $95.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.41 and a current ratio of 2.96. The company has a market cap of $2.24 billion, a PE ratio of 14.56 and a beta of 1.27.

LCI Industries (NYSE:LCII) last released its quarterly earnings results 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 analysts’ expectations of $972.04 million. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. LCI Industries’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 EPS. Sell-side analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries announced that its board has initiated a stock buyback plan on Thursday, May 15th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries’s dividend payout ratio is currently 75.41%.

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.