Twinbeech Capital LP Purchases New Holdings in LCI Industries (NYSE:LCII)

Twinbeech Capital LP purchased a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LCII. Norges Bank purchased a new position in shares of LCI Industries during the fourth quarter worth $26,402,000. Royce & Associates LP grew its stake in LCI Industries by 46.1% during the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company's stock worth $56,515,000 after purchasing an additional 172,586 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock worth $127,904,000 after purchasing an additional 87,764 shares during the period. Bank of New York Mellon Corp increased its holdings in LCI Industries by 29.2% during the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company's stock worth $36,975,000 after purchasing an additional 80,784 shares during the period. Finally, Vanguard Group Inc. increased its holdings in LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock worth $301,203,000 after purchasing an additional 56,794 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 research analysts have weighed in on the company. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Robert W. Baird cut their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial cut their price target on LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Baird R W downgraded LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, LCI Industries presently has a consensus rating of "Hold" and a consensus price target of $112.50.

LCI Industries Trading Down 1.6%

Shares of LCI Industries stock traded down $1.42 during trading hours on Friday, reaching $87.42. 245,949 shares of the company's stock were exchanged, compared to its average volume of 308,885. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.61 and a beta of 1.26. The company has a fifty day moving average of $83.50 and a 200-day moving average of $99.10. 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 (NYSE:LCII - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. During the same period in the prior year, the firm posted $1.44 EPS. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 15th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

LCI Industries Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $4.60 annualized dividend and a yield of 5.26%. LCI Industries's dividend payout ratio is currently 75.41%.

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.