De Lisle Partners LLP Purchases 4,500 Shares of LCI Industries (NYSE:LCII)

Key Points

• De Lisle Partners LLP increased its holdings in LCI Industries by 18.3% in Q1, owning 29,152 shares valued at $2.5 million.
• LCI Industries reported $2.19 EPS for its latest quarter, surpassing estimates and indicating a year-over-year revenue growth of 8%.
• Following the announcement of a $300 million stock repurchase plan, LCI's dividend yield stands at 4.66%, reflecting management's belief that the stock is undervalued.

De Lisle Partners LLP grew its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 18.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,152 shares of the company's stock after acquiring an additional 4,500 shares during the period. De Lisle Partners LLP owned 0.12% of LCI Industries worth $2,547,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LCII. LRI Investments LLC raised its position in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after buying an additional 311 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of LCI Industries by 535.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock valued at $46,000 after buying an additional 439 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of LCI Industries in the fourth quarter valued at approximately $59,000. Covestor Ltd raised its position in shares of LCI Industries by 159.3% in the fourth quarter. Covestor Ltd now owns 765 shares of the company's stock valued at $79,000 after buying an additional 470 shares in the last quarter. Finally, Lido Advisors LLC bought a new position in LCI Industries in the fourth quarter valued at approximately $201,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

Shares of NYSE LCII traded down $0.89 during midday trading on Friday, reaching $94.11. 437,540 shares of the company were exchanged, compared to its average volume of 396,459. The company has a quick ratio of 1.41, a current ratio of 2.96 and a debt-to-equity ratio of 0.68. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The stock has a market cap of $2.38 billion, a P/E ratio of 15.43 and a beta of 1.26. The stock's 50-day moving average price is $93.29 and its 200-day moving average price is $93.03.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.64. LCI Industries had a net margin of 4.08% and a return on equity of 11.63%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. During the same quarter in the prior year, the business earned $1.44 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries announced that its Board of Directors has initiated a share buyback program on Thursday, May 15th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries's dividend payout ratio is presently 75.41%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Baird R W cut shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird decreased their price objective on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised shares of LCI Industries from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $114.50.

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.