Squarepoint Ops LLC raised its holdings in shares of LCI Industries (NYSE:LCII – Free Report) by 32.6% during the second quarter, HoldingsChannel reports. The fund owned 88,640 shares of the company’s stock after purchasing an additional 21,771 shares during the quarter. Squarepoint Ops LLC’s holdings in LCI Industries were worth $9,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of LCI Industries by 79.8% in the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Global Retirement Partners LLC purchased a new stake in LCI Industries during the 4th quarter worth about $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in LCI Industries by 358.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after purchasing an additional 488 shares in the last quarter. Clearstead Advisors LLC boosted its stake in LCI Industries by 36.8% in the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after purchasing an additional 139 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in LCI Industries during the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
LCI Industries Price Performance
LCII opened at $93.21 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.27 billion, a P/E ratio of 10.84 and a beta of 1.18. The stock has a 50-day moving average price of $103.94 and a 200-day moving average price of $111.05. LCI Industries has a 12-month low of $84.33 and a 12-month high of $159.66.
LCI Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, August 21st. LCI Industries’s payout ratio is presently 53.49%.
Wall Street Analyst Weigh In
LCII has been the topic of several analyst reports. Benchmark decreased their price target on LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Zacks Research cut shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research note on Tuesday, September 1st. Stifel Nicolaus lowered their target price on shares of LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Robert W. Baird set a $119.00 price target on shares of LCI Industries in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, LCI Industries has an average rating of “Hold” and a consensus target price of $126.25.
Check Out Our Latest Research Report on LCII
LCI Industries 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.
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