Bayforest Capital Ltd purchased a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,149 shares of the company's stock, valued at approximately $834,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc increased its stake in LCI Industries by 4.3% during the second quarter. TD Asset Management Inc now owns 6,635 shares of the company's stock worth $605,000 after acquiring an additional 271 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of LCI Industries by 65.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,457 shares of the company's stock valued at $406,000 after buying an additional 1,763 shares in the last quarter. CWM LLC grew its stake in shares of LCI Industries by 1,046.0% in the second quarter. CWM LLC now owns 2,716 shares of the company's stock valued at $248,000 after buying an additional 2,479 shares in the last quarter. Callan Family Office LLC acquired a new stake in shares of LCI Industries in the second quarter valued at about $2,046,000. Finally, KLP Kapitalforvaltning AS grew its stake in shares of LCI Industries by 12.5% in the second quarter. KLP Kapitalforvaltning AS now owns 5,400 shares of the company's stock valued at $492,000 after buying an additional 600 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
LCII has been the subject of a number of recent research reports. BMO Capital Markets increased their target price on LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research note on Wednesday, August 6th. Wall Street Zen raised LCI Industries from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of LCI Industries in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $103.25.
Get Our Latest Analysis on LCI Industries
LCI Industries Trading Down 0.2%
NYSE:LCII opened at $84.72 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. The business's 50 day moving average is $98.98 and its two-hundred day moving average is $92.18. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a market cap of $2.05 billion, a PE ratio of 14.14 and a beta of 1.31.
LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The company had revenue of $1 billion for the quarter. On average, analysts predict that LCI Industries will post 6.76 EPS for the current year.
LCI Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.60 annualized dividend and a dividend yield of 5.4%. LCI Industries's dividend payout ratio (DPR) is 76.79%.
About LCI Industries
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding LCII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LCI Industries (NYSE:LCII - Free Report).
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