EntryPoint Capital LLC Makes New Investment in LCI Industries $LCII

Key Points

• EntryPoint Capital LLC purchased 7,028 shares of LCI Industries for approximately $614,000 in the first quarter, contributing to the fact that institutional investors now own 99.71% of the company's stock.
• LCI Industries declared a quarterly dividend of $1.15 per share, with an annualized yield of 4.4%, while its Board also authorized a $300 million share repurchase program.
• Analysts have mixed views on the stock, with LCI Industries holding a consensus rating of "Hold" and an average price target of $103.25.

EntryPoint Capital LLC bought a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,028 shares of the company's stock, valued at approximately $614,000.

A number of other hedge funds also recently bought and sold shares of LCII. Boston Partners purchased a new stake in LCI Industries in the 1st quarter worth approximately $20,721,000. Nuveen LLC bought a new position in shares of LCI Industries during the first quarter valued at approximately $8,355,000. Dimensional Fund Advisors LP lifted its stake in LCI Industries by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company's stock worth $115,961,000 after acquiring an additional 89,230 shares during the period. Victory Capital Management Inc. boosted its holdings in LCI Industries by 9.3% in the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company's stock valued at $60,808,000 after acquiring an additional 59,233 shares in the last quarter. Finally, Stadium Capital Management LLC boosted its holdings in LCI Industries by 250.2% in the fourth quarter. Stadium Capital Management LLC now owns 70,069 shares of the company's stock valued at $7,244,000 after acquiring an additional 50,058 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

LCII has been the subject of several research reports. Robert W. Baird dropped their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Truist Financial increased their price target on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. BMO Capital Markets raised their price objective on shares of LCI Industries from $80.00 to $85.00 and gave the stock an "underperform" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LCI Industries has a consensus rating of "Hold" and an average target price of $103.25.

LCI Industries Stock Up 0.0%

Shares of LCI Industries stock traded up $0.0250 during midday trading on Monday, hitting $107.4350. The company had a trading volume of 54,974 shares, compared to its average volume of 388,438. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80. The stock has a market capitalization of $2.60 billion, a P/E ratio of 17.94 and a beta of 1.25. The company has a 50 day moving average of $97.02 and a 200 day moving average of $92.26.

LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.17. The firm had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.40 earnings per share. On average, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.60 annualized dividend and a yield of 4.3%. LCI Industries's payout ratio is 76.79%.

LCI Industries announced that its board has approved a share buyback plan on Thursday, May 15th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

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.