7,298 Shares in LCI Industries (NYSE:LCII) Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP bought a new position in LCI Industries (NYSE:LCII - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,298 shares of the company's stock, valued at approximately $755,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. boosted its holdings in LCI Industries by 5.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock worth $268,000 after purchasing an additional 130 shares during the last quarter. Keybank National Association OH raised its position in LCI Industries by 7.1% in the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company's stock worth $315,000 after acquiring an additional 202 shares during the period. Inspire Advisors LLC raised its position in LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock worth $611,000 after acquiring an additional 206 shares during the period. Tidal Investments LLC raised its position in LCI Industries by 2.4% in the third quarter. Tidal Investments LLC now owns 9,402 shares of the company's stock worth $1,133,000 after acquiring an additional 223 shares during the period. Finally, Blue Trust Inc. raised its position in 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 period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LCII. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research report on Wednesday, February 12th. Baird R W downgraded shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial decreased their price objective on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. StockNews.com upgraded shares of LCI Industries from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Robert W. Baird decreased 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, May 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $112.50.

LCI Industries Price Performance

NYSE LCII traded down $1.75 on Wednesday, reaching $89.24. The company had a trading volume of 74,381 shares, compared to its average volume of 301,992. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $2.25 billion, a PE ratio of 15.94 and a beta of 1.26. The firm's 50 day moving average price is $83.97 and its 200 day moving average price is $100.56. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $972.04 million. During the same period in the previous year, the firm posted $1.44 EPS. LCI Industries's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.15%. LCI Industries's payout ratio is currently 75.41%.

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.