EntryPoint Capital LLC Acquires New Position 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 purchased a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,028 shares of the company's stock, valued at approximately $614,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LCII. Boston Partners bought a new position in shares of LCI Industries during the 1st quarter worth $20,721,000. Nuveen LLC bought a new position in shares of LCI Industries during the 1st quarter worth $8,355,000. Dimensional Fund Advisors LP grew its stake in shares of LCI Industries by 7.2% during the 1st 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. grew its stake in shares of LCI Industries by 9.3% during the 1st quarter. Victory Capital Management Inc. now owns 695,508 shares of the company's stock worth $60,808,000 after acquiring an additional 59,233 shares during the period. Finally, Stadium Capital Management LLC grew its stake in shares of LCI Industries by 250.2% during the 4th quarter. Stadium Capital Management LLC now owns 70,069 shares of the company's stock worth $7,244,000 after acquiring an additional 50,058 shares during the period. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

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

LCI Industries Price Performance

Shares of LCII traded up $5.8370 during trading hours on Friday, reaching $107.4470. 397,400 shares of the company's stock traded hands, compared to its average volume of 335,296. The stock has a market cap of $2.60 billion, a PE ratio of 17.94 and a beta of 1.25. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The firm's 50 day simple moving average is $97.02 and its 200-day simple moving average is $92.39. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.17. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $2.40 EPS. Equities analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, August 29th. LCI Industries's dividend payout ratio (DPR) is 76.79%.

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