Dynamic Technology Lab Private Ltd Purchases 3,880 Shares of LCI Industries $LCII

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in LCI Industries by 84%, acquiring an additional 3,880 shares, bringing its total to 8,500 shares valued at approximately $743,000.
• LCI Industries announced a quarterly dividend of $1.15 per share, with the ex-dividend date set for August 29, representing an annual yield of 4.4%.
• Despite reporting earnings per share (EPS) of $2.39 for the quarter, surpassing estimates, LCI Industries has seen mixed analyst ratings, with targets ranging from $80 to $103.25.

Dynamic Technology Lab Private Ltd increased its position in LCI Industries (NYSE:LCII - Free Report) by 84.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,500 shares of the company's stock after purchasing an additional 3,880 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in LCI Industries were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in LCI Industries in the first quarter worth $28,000. LRI Investments LLC grew its position in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after buying an additional 311 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of LCI Industries by 535.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock worth $46,000 after acquiring an additional 439 shares in the last quarter. State of Wyoming purchased a new position in LCI Industries during the 1st quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC boosted its stake in LCI Industries by 45.5% during the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock worth $47,000 after acquiring an additional 167 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Price Performance

Shares of LCII opened at $105.25 on Tuesday. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a market capitalization of $2.55 billion, a P/E ratio of 17.57 and a beta of 1.34. The firm has a 50 day moving average of $100.48 and a 200 day moving average of $92.13. 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 earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.22 by $0.17. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $2.40 EPS. The company's revenue was up 5.1% compared to the same quarter last year. As a group, equities research 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 approved a share repurchase program on Thursday, May 15th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, August 29th. This represents a $4.60 annualized dividend and a yield of 4.4%. LCI Industries's dividend payout ratio is currently 76.79%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LCII shares. Truist Financial lifted their target price on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Wall Street Zen lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets lifted their price objective on LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, LCI Industries currently has a consensus rating of "Hold" and an average 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.

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