LCI Industries $LCII Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in LCI Industries (NYSE:LCII) by 52.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,112 shares of the company’s stock after selling 6,650 shares during the quarter. SG Americas Securities LLC’s holdings in LCI Industries were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas increased its holdings in LCI Industries by 25.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,883 shares of the company’s stock valued at $1,084,000 after purchasing an additional 2,380 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of LCI Industries by 2.0% in the second quarter. Nordea Investment Management AB now owns 22,807 shares of the company’s stock worth $2,083,000 after buying an additional 438 shares during the period. Timucuan Asset Management Inc. FL boosted its position in shares of LCI Industries by 226.5% in the second quarter. Timucuan Asset Management Inc. FL now owns 35,318 shares of the company’s stock worth $3,221,000 after buying an additional 24,500 shares during the period. GAMMA Investing LLC grew its stake in shares of LCI Industries by 129.0% in the second quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock valued at $69,000 after buying an additional 427 shares in the last quarter. Finally, Inspire Advisors LLC purchased a new stake in shares of LCI Industries during the 2nd quarter valued at about $2,914,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Down 1.9%

LCII opened at $147.06 on Friday. LCI Industries has a 12-month low of $72.31 and a 12-month high of $151.85. 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 market capitalization of $3.56 billion, a PE ratio of 20.57 and a beta of 1.31. The firm’s fifty day moving average price is $123.09 and its 200 day moving average price is $107.15.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.53. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $963.96 million. During the same quarter in the previous year, the firm earned $1.39 EPS. The company’s revenue was up 13.2% on a year-over-year basis. As a group, research analysts expect 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. Shareholders of record on Friday, November 28th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, November 28th. This represents a $4.60 annualized dividend and a yield of 3.1%. LCI Industries’s dividend payout ratio is presently 64.34%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LCII shares. Roth Mkm boosted their price target on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a research report on Monday, November 3rd. Zacks Research downgraded shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Robert W. Baird raised their price target on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Friday. 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 presently has an average rating of “Hold” and an average target price of $128.50.

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.