Motley Fool Wealth Management LLC boosted its stake in shares of LCI Industries (NYSE:LCII) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,776 shares of the company’s stock after acquiring an additional 1,176 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in LCI Industries were worth $9,969,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in LCI Industries by 39.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock worth $36,000 after acquiring an additional 154 shares during the last quarter. Exane Derivatives bought a new stake in LCI Industries during the fourth quarter worth approximately $37,000. Versant Capital Management Inc bought a new stake in LCI Industries during the first quarter worth approximately $45,000. Cullen Frost Bankers Inc. bought a new stake in LCI Industries during the first quarter worth approximately $61,000. Finally, Public Employees Retirement System of Ohio increased its stake in LCI Industries by 16.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,420 shares of the company’s stock worth $95,000 after acquiring an additional 204 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.
In other LCI Industries news, insider Nick C. Fletcher sold 1,688 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $79.57, for a total transaction of $134,314.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.
Several research analysts have issued reports on the company. CL King lowered LCI Industries from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded LCI Industries from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Friday, May 10th. ValuEngine upgraded LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Jefferies Financial Group assumed coverage on LCI Industries in a research report on Thursday, March 28th. They set a “buy” rating and a $86.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. LCI Industries presently has an average rating of “Buy” and a consensus target price of $102.00.
Shares of NYSE:LCII opened at $89.22 on Friday. LCI Industries has a 1 year low of $59.68 and a 1 year high of $102.22. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 15.23, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The company has a quick ratio of 1.06, a current ratio of 2.57 and a debt-to-equity ratio of 0.47.
LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, May 7th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.03. LCI Industries had a return on equity of 18.94% and a net margin of 5.61%. The business had revenue of $592.20 million during the quarter, compared to analyst estimates of $585.65 million. During the same quarter in the previous year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was down 9.0% compared to the same quarter last year. Analysts anticipate that LCI Industries will post 5.83 EPS for the current fiscal year.
LCI Industries Profile
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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