AlphaQuest LLC Purchases 38,490 Shares of LCI Industries $LCII

AlphaQuest LLC increased its position in shares of LCI Industries (NYSE:LCII) by 449.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,057 shares of the company’s stock after buying an additional 38,490 shares during the period. LCI Industries accounts for approximately 0.3% of AlphaQuest LLC’s holdings, making the stock its 28th biggest position. AlphaQuest LLC owned about 0.19% of LCI Industries worth $4,383,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LCII. Covestor Ltd boosted its holdings in LCI Industries by 10.4% during the third quarter. Covestor Ltd now owns 1,261 shares of the company’s stock valued at $118,000 after acquiring an additional 119 shares during the period. SageView Advisory Group LLC boosted its stake in LCI Industries by 6.3% during the 2nd quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock valued at $241,000 after purchasing an additional 145 shares during the period. California State Teachers Retirement System grew its holdings in LCI Industries by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock valued at $2,141,000 after buying an additional 159 shares during the last quarter. Zions Bancorporation National Association UT increased its position in LCI Industries by 1.1% in the 2nd quarter. Zions Bancorporation National Association UT now owns 15,309 shares of the company’s stock worth $1,396,000 after buying an additional 171 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of LCI Industries by 12.5% during the second quarter. Quadrant Capital Group LLC now owns 2,239 shares of the company’s stock worth $204,000 after buying an additional 248 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Robert W. Baird boosted their price objective on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Loop Capital reiterated a “hold” rating and issued a $149.00 target price on shares of LCI Industries in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $128.50.

LCI Industries Stock Performance

LCI Industries stock opened at $149.29 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.78 and a quick ratio of 1.28. The stock has a fifty day moving average price of $126.42 and a two-hundred day moving average price of $108.48. LCI Industries has a 52-week low of $72.31 and a 52-week high of $151.85. The firm has a market capitalization of $3.61 billion, a P/E ratio of 20.88 and a beta of 1.31.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, October 30th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.44 by $0.53. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $963.96 million. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. As a group, analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.1%. LCI Industries’s dividend payout ratio (DPR) is presently 64.34%.

LCI Industries Company Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.