Dynamic Technology Lab Private Ltd Grows Holdings in 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 boosted its position in shares of LCI Industries (NYSE:LCII - Free Report) by 84.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,500 shares of the company's stock after buying 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.

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

Analysts Set New Price Targets

LCII has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Truist Financial boosted their price objective on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Finally, BMO Capital Markets boosted their price objective on shares of 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $103.25.

LCI Industries Trading Down 3.5%

LCI Industries stock traded down $3.69 during mid-day trading on Friday, reaching $100.32. 143,980 shares of the company traded hands, compared to its average volume of 211,469. The firm's 50 day moving average price is $100.85 and its 200 day moving average price is $92.06. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.17. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.40 EPS. On average, analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.6%. LCI Industries's dividend payout ratio is currently 76.79%.

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.