Twinbeech Capital LP Acquires New Stake in LCI Industries (NYSE:LCII)

Twinbeech Capital LP purchased a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,986 shares of the company's stock, valued at approximately $5,065,000. Twinbeech Capital LP owned 0.19% of LCI Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries during the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its stake 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 buying an additional 247 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after buying an additional 311 shares during the period. Headlands Technologies LLC purchased a new stake in shares of LCI Industries in the fourth quarter worth about $59,000. Finally, Blue Trust Inc. grew its holdings in LCI Industries by 60.2% during 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. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Price Performance

LCII traded down $1.42 on Monday, hitting $87.42. 245,949 shares of the company's stock were exchanged, compared to its average volume of 308,885. The firm has a 50-day moving average price of $83.50 and a 200-day moving average price of $98.99. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 15.61 and a beta of 1.26. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $972.04 million. During the same quarter in the prior year, the company earned $1.44 EPS. LCI Industries's revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, May 30th. LCI Industries's dividend payout ratio is currently 75.41%.

LCI Industries declared that its Board of Directors has approved a share repurchase program on Thursday, May 15th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Robert W. Baird dropped 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 note on Wednesday, May 7th. Baird R W cut shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen cut LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. CJS Securities raised LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a report on Wednesday, February 12th. Finally, Truist Financial decreased their target price on LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, LCI Industries has an average rating of "Hold" and a consensus target price of $112.50.

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.