Jackson Creek Investment Advisors LLC Takes Position in LCI Industries (NYSE:LCII)

Jackson Creek Investment Advisors LLC bought a new position in LCI Industries (NYSE:LCII - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,372 shares of the company's stock, valued at approximately $1,257,000. Jackson Creek Investment Advisors LLC owned about 0.06% of LCI Industries at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its position in LCI Industries by 9.3% in the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company's stock worth $60,808,000 after buying an additional 59,233 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew 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 purchasing an additional 439 shares in the last quarter. Apollon Wealth Management LLC grew its position in shares of LCI Industries by 6.1% in the first quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company's stock valued at $318,000 after purchasing an additional 208 shares in the last quarter. MQS Management LLC purchased a new position in shares of LCI Industries in the first quarter valued at $652,000. Finally, Cerity Partners LLC grew its position in shares of LCI Industries by 178.0% in the first quarter. Cerity Partners LLC now owns 7,394 shares of the company's stock valued at $646,000 after purchasing an additional 4,734 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Price Performance

NYSE:LCII traded down $0.75 during trading hours on Friday, hitting $97.16. 196,269 shares of the company's stock traded hands, compared to its average volume of 319,792. The firm has a market cap of $2.45 billion, a P/E ratio of 15.93 and a beta of 1.26. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The business's fifty day simple moving average is $91.92 and its two-hundred day simple moving average is $93.24. 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 (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.64. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $972.04 million. During the same quarter last year, the company earned $1.44 earnings per share. The firm's quarterly revenue was up 8.0% on a year-over-year basis. On average, 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 initiated a stock buyback program on Thursday, May 15th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.73%. The ex-dividend date was Friday, May 30th. LCI Industries's dividend payout ratio (DPR) is currently 75.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LCII. Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial lifted their price target on LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Robert W. Baird reduced their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded LCI Industries from a "hold" rating to a "buy" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.