GAMMA Investing LLC Grows Holdings in LCI Industries (NYSE:LCII)

GAMMA Investing LLC increased its position in shares of LCI Industries (NYSE:LCII - Free Report) by 5,676.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,939 shares of the company's stock after buying an additional 28,438 shares during the period. GAMMA Investing LLC owned about 0.11% of LCI Industries worth $2,530,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its holdings in shares of LCI Industries by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock valued at $268,000 after acquiring an additional 130 shares during the last quarter. Keybank National Association OH boosted its position in LCI Industries by 7.1% during the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company's stock worth $315,000 after acquiring an additional 202 shares during the last quarter. Inspire Advisors LLC increased its holdings in shares of LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company's stock valued at $611,000 after purchasing an additional 206 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of LCI Industries by 11.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company's stock worth $234,000 after acquiring an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after purchasing an additional 247 shares during the period. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Performance

LCI Industries stock traded down $2.45 during trading hours on Friday, reaching $88.01. 429,509 shares of the stock were exchanged, compared to its average volume of 312,106. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The stock has a market cap of $2.22 billion, a P/E ratio of 15.72 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The firm's 50 day moving average is $83.93 and its 200 day moving average is $96.53.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.64. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $972.04 million. During the same period in the prior year, the company posted $1.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

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

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, May 30th. LCI Industries's dividend payout ratio is currently 75.41%.

Analyst Ratings Changes

Several research analysts have weighed in on LCII shares. Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Truist Financial raised their price target on LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Finally, Robert W. Baird reduced their price objective on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $114.50.

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.