Campbell & CO Investment Adviser LLC Acquires Shares of 9,042 LCI Industries $LCII

Campbell & CO Investment Adviser LLC bought a new position in shares of LCI Industries (NYSE:LCII) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,042 shares of the company’s stock, valued at approximately $825,000.

A number of other hedge funds have also modified their holdings of LCII. Cerity Partners LLC raised its holdings in LCI Industries by 178.0% in the 1st quarter. Cerity Partners LLC now owns 7,394 shares of the company’s stock valued at $646,000 after acquiring an additional 4,734 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of LCI Industries by 6.1% in the first quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company’s stock valued at $318,000 after purchasing an additional 208 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of LCI Industries by 535.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after purchasing an additional 439 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of LCI Industries by 9.3% in the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company’s stock valued at $60,808,000 after purchasing an additional 59,233 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in LCI Industries during the first quarter worth approximately $1,257,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Down 0.6%

NYSE LCII opened at $108.60 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The stock has a market capitalization of $2.63 billion, a P/E ratio of 18.13 and a beta of 1.34. The firm’s 50-day moving average is $96.86 and its two-hundred day moving average is $95.04. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The business had revenue of $1 billion for the quarter. On average, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, November 28th. LCI Industries’s dividend payout ratio is 64.34%.

Wall Street Analyst Weigh In

LCII has been the subject of several analyst reports. Roth Capital upped their target price on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Loop Capital initiated coverage on shares of LCI Industries in a report on Friday, October 31st. They issued a “buy” rating and a $116.00 price objective for the company. Robert W. Baird lifted their target price on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Zacks Research upgraded shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.67.

LCI Industries Profile

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.