Los Angeles Capital Management LLC Increases Holdings in LCI Industries $LCII

Los Angeles Capital Management LLC increased its position in LCI Industries (NYSE:LCII) by 3.9% during the second quarter, HoldingsChannel.com reports. The fund owned 16,841 shares of the company’s stock after acquiring an additional 629 shares during the quarter. Los Angeles Capital Management LLC’s holdings in LCI Industries were worth $1,536,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in LCI Industries during the second quarter worth $26,000. SVB Wealth LLC acquired a new position in shares of LCI Industries during the 1st quarter worth $28,000. Signaturefd LLC boosted its position in shares of LCI Industries by 591.5% in the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after buying an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in LCI Industries by 535.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after acquiring an additional 439 shares during the last quarter. Finally, State of Wyoming acquired a new stake in LCI Industries in the 1st quarter valued at about $46,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on LCII. Loop Capital started coverage on shares of LCI Industries in a research report on Friday, October 31st. They set a “buy” rating and a $116.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. Truist Financial increased their target price on LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Roth Capital raised 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. Finally, Zacks Research upgraded LCI Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.67.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $110.06 on Wednesday. The company has a market cap of $2.66 billion, a P/E ratio of 18.37 and a beta of 1.34. The business has a fifty day simple moving average of $96.67 and a 200-day simple moving average of $94.84. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The firm had revenue of $1 billion for the quarter. Equities research analysts forecast 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. Shareholders of record on Friday, August 29th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

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.