GAMMA Investing LLC Purchases 427 Shares of LCI Industries $LCII

GAMMA Investing LLC lifted its position in LCI Industries (NYSE:LCII) by 129.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 758 shares of the company’s stock after purchasing an additional 427 shares during the quarter. GAMMA Investing LLC’s holdings in LCI Industries were worth $69,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of LCI Industries by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company’s stock worth $115,961,000 after purchasing an additional 89,230 shares during the last quarter. Victory Capital Management Inc. lifted its position in LCI Industries by 9.3% during the 1st quarter. Victory Capital Management Inc. now owns 695,508 shares of the company’s stock worth $60,808,000 after buying an additional 59,233 shares in the last quarter. Millennium Management LLC lifted its position in LCI Industries by 482.2% during the 1st quarter. Millennium Management LLC now owns 635,540 shares of the company’s stock worth $55,565,000 after buying an additional 526,378 shares in the last quarter. Royce & Associates LP lifted its position in LCI Industries by 6.4% during the 1st quarter. Royce & Associates LP now owns 581,590 shares of the company’s stock worth $50,848,000 after buying an additional 34,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in LCI Industries by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 449,158 shares of the company’s stock worth $39,270,000 after buying an additional 12,735 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

NYSE LCII opened at $94.50 on Friday. The business has a 50 day simple moving average of $100.07 and a 200 day simple moving average of $92.22. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 15.78 and a beta of 1.31.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.17. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $2.40 EPS. LCI Industries’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s dividend payout ratio is presently 76.79%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LCII. Wall Street Zen upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of LCI Industries from $80.00 to $85.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, LCI Industries currently has an average rating of “Hold” and an average target price of $103.25.

LCI Industries 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.