Callan Family Office LLC Invests $2.05 Million in LCI Industries $LCII

Key Points

• Callan Family Office LLC has invested approximately $2.05 million in LCI Industries, purchasing 22,436 shares, representing a 0.09% ownership stake.
• LCI Industries recently declared a quarterly dividend of $1.15 per share, leading to an annualized dividend yield of 5.4% with a payout ratio of 76.79%.
• LCI Industries reported $2.93 EPS with a revenue of $1 billion for the last quarter, while analysts forecast a total of 6.76 EPS for the current fiscal year.

Callan Family Office LLC bought a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,436 shares of the company's stock, valued at approximately $2,046,000. Callan Family Office LLC owned 0.09% of LCI Industries at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in LCI Industries in the 1st quarter valued at $28,000. Signaturefd LLC lifted its position in shares of LCI Industries by 591.5% during the 2nd quarter. Signaturefd LLC now owns 325 shares of the company's stock valued at $30,000 after acquiring an additional 278 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock worth $46,000 after buying an additional 439 shares in the last quarter. State of Wyoming acquired a new position in shares of LCI Industries during the 1st quarter worth $46,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 45.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock worth $47,000 after buying an additional 167 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $84.84 on Friday. The company has a market cap of $2.06 billion, a PE ratio of 14.16 and a beta of 1.31. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The business has a 50 day moving average price of $99.20 and a 200-day moving average price of $92.19. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The firm had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Equities analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries's dividend payout ratio (DPR) is presently 76.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LCII. Wall Street Zen raised LCI Industries from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Weiss Ratings restated a "hold (c)" rating on shares of LCI Industries in a research report on Wednesday. Finally, BMO Capital Markets upped their target price on LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $103.25.

About LCI Industries

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.