LCI Industries $LCII Holdings Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in LCI Industries (NYSE:LCII) by 93,707.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,328 shares of the company’s stock after acquiring an additional 25,301 shares during the period. Russell Investments Group Ltd. owned about 0.10% of LCI Industries worth $2,214,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LCII. LRI Investments LLC lifted its holdings in LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after acquiring an additional 311 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in LCI Industries by 535.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after acquiring an additional 439 shares during the last quarter. SouthState Corp lifted its holdings in LCI Industries by 4,483.3% in the first quarter. SouthState Corp now owns 550 shares of the company’s stock worth $48,000 after acquiring an additional 538 shares during the last quarter. Covestor Ltd lifted its holdings in LCI Industries by 15.7% in the first quarter. Covestor Ltd now owns 885 shares of the company’s stock worth $77,000 after acquiring an additional 120 shares during the last quarter. Finally, Vestcor Inc bought a new position in LCI Industries in the first quarter worth about $158,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

NYSE LCII opened at $107.6640 on Tuesday. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The firm has a market capitalization of $2.61 billion, a PE ratio of 17.97 and a beta of 1.25. The company’s 50 day simple moving average is $97.37 and its 200 day simple moving average is $92.31.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.17. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $2.40 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries declared that its board has approved a share buyback plan on Thursday, May 15th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is currently 76.79%.

Analyst Ratings Changes

LCII has been the topic of a number of recent research reports. Robert W. Baird cut their target price on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Truist Financial lifted their price target on LCI Industries from $80.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. Finally, BMO Capital Markets lifted their price target on LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.25.

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.