7,468 Shares in LCI Industries (NYSE:LCII) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP acquired a new position in LCI Industries (NYSE:LCII - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,468 shares of the company's stock, valued at approximately $772,000.

A number of other hedge funds have also bought and sold shares of LCII. Charles Schwab Investment Management Inc. boosted its position in shares of LCI Industries by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company's stock valued at $45,122,000 after acquiring an additional 25,145 shares during the period. Principal Financial Group Inc. boosted its holdings in LCI Industries by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock valued at $66,536,000 after purchasing an additional 11,286 shares during the period. CIBC Asset Management Inc bought a new position in LCI Industries in the 4th quarter valued at $266,000. Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 247 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of LCI Industries by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company's stock worth $5,952,000 after purchasing an additional 5,303 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a research report on Wednesday, February 12th. Truist Financial cut their price objective on LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a report on Monday, April 14th. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Robert W. Baird reissued a "neutral" rating and issued a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Finally, Baird R W downgraded shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, LCI Industries currently has an average rating of "Hold" and an average price target of $111.60.

LCI Industries Trading Down 2.4 %

NYSE:LCII traded down $1.92 during trading hours on Wednesday, reaching $77.04. The company's stock had a trading volume of 57,691 shares, compared to its average volume of 288,798. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.74 and a beta of 1.36. The firm has a 50-day simple moving average of $87.68 and a 200-day simple moving average of $102.90. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Research analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.97%. LCI Industries's dividend payout ratio is currently 82.14%.

LCI Industries Company 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.