Balyasny Asset Management L.P. Raises Stock Position in LCI Industries (NYSE:LCII)

Balyasny Asset Management L.P. lifted its stake in LCI Industries (NYSE:LCII) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,537 shares of the company’s stock after purchasing an additional 740 shares during the period. Balyasny Asset Management L.P. owned 0.21% of LCI Industries worth $5,432,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after acquiring an additional 247 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LCI Industries during the third quarter valued at $49,000. Headlands Technologies LLC bought a new stake in LCI Industries in the fourth quarter worth $59,000. Blue Trust Inc. grew its stake in shares of LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of LCI Industries by 159.3% during the fourth quarter. Covestor Ltd now owns 765 shares of the company’s stock valued at $79,000 after acquiring an additional 470 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

LCII stock opened at $85.50 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The company has a market cap of $2.16 billion, a P/E ratio of 15.27 and a beta of 1.26. The stock’s fifty day moving average price is $84.13 and its 200-day moving average price is $100.80.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $972.04 million. During the same period last year, the firm posted $1.44 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.38%. LCI Industries’s payout ratio is presently 75.41%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Wednesday. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Wednesday, February 12th. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Truist Financial lowered their price target on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Finally, Baird R W cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and an average target price of $110.60.

About LCI Industries

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.