Signaturefd LLC Buys 278 Shares of LCI Industries $LCII

Signaturefd LLC increased its stake in shares of LCI Industries (NYSE:LCII) by 591.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 325 shares of the company’s stock after acquiring an additional 278 shares during the quarter. Signaturefd LLC’s holdings in LCI Industries were worth $30,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LCII. BMO Capital Markets upped their price target on shares of LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average price target of $103.25.

LCI Industries Trading Down 1.2%

Shares of LCII opened at $89.12 on Wednesday. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a market cap of $2.16 billion, a P/E ratio of 14.88 and a beta of 1.31. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $99.70 and its 200-day simple moving average is $92.27.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, August 5th. The company reported $2.39 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $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, analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is currently 76.79%.

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.