Entropy Technologies LP Makes New $410,000 Investment in LCI Industries $LCII

Key Points

• Entropy Technologies LP acquired 4,689 shares of LCI Industries for approximately $410,000 in the first quarter.
• Institutional investors hold a significant stake of 99.71% in LCI Industries, with several firms, including Covestor Ltd and Summit Investment Advisors Inc., increasing their positions.
• Despite a reported earnings beat with $2.39 earnings per share, analysts have mixed ratings for the stock, with an average target price of $103.25.

Entropy Technologies LP acquired a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,689 shares of the company's stock, valued at approximately $410,000.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock valued at $127,904,000 after buying an additional 87,764 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of LCI Industries by 9.3% in the 1st quarter. Victory Capital Management Inc. now owns 695,508 shares of the company's stock valued at $60,808,000 after acquiring an additional 59,233 shares in the last quarter. Royce & Associates LP raised its stake in shares of LCI Industries by 6.4% in the 1st quarter. Royce & Associates LP now owns 581,590 shares of the company's stock valued at $50,848,000 after acquiring an additional 34,967 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LCI Industries by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 449,158 shares of the company's stock valued at $39,270,000 after acquiring an additional 12,735 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of LCI Industries by 12.9% in the 4th quarter. Northern Trust Corp now owns 319,742 shares of the company's stock valued at $33,058,000 after acquiring an additional 36,505 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Performance

NYSE LCII traded down $0.31 during trading on Monday, hitting $103.12. The company's stock had a trading volume of 63,875 shares, compared to its average volume of 391,890. 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 firm has a 50 day moving average price of $95.72 and a 200 day moving average price of $92.23. The firm has a market cap of $2.50 billion, a P/E ratio of 17.23 and a beta of 1.25. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.22 by $0.17. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.40 EPS. Equities research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on LCII. Truist Financial raised their price objective on LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. BMO Capital Markets raised 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. Finally, Robert W. Baird cut their price objective on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $103.25.

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.