14,372 Shares in LCI Industries (NYSE:LCII) Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new stake in shares of LCI Industries (NYSE:LCII - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. LRI Investments LLC boosted its holdings in LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after acquiring an additional 311 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of LCI Industries by 535.4% during the first 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 during the last quarter. Headlands Technologies LLC purchased a new stake in shares of LCI Industries during the fourth quarter worth about $59,000. Covestor Ltd increased its position in shares of LCI Industries by 159.3% during the fourth quarter. Covestor Ltd now owns 765 shares of the company's stock worth $79,000 after acquiring an additional 470 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in LCI Industries in the fourth quarter valued at about $201,000. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Stock Up 0.7%

NYSE LCII traded up $0.68 on Monday, reaching $97.72. The stock had a trading volume of 33,488 shares, compared to its average volume of 317,528. The business has a 50 day moving average price of $91.92 and a 200 day moving average price of $93.11. The company has a current ratio of 2.96, a quick ratio of 1.41 and a debt-to-equity ratio of 0.68. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 16.02 and a beta of 1.26.

LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.64. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $972.04 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries declared that its board has authorized a stock repurchase program on Thursday, May 15th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.60 annualized dividend and a yield of 4.71%. LCI Industries's dividend payout ratio (DPR) is currently 75.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LCII shares. Truist Financial upped their target price on 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 raised LCI Industries from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Robert W. Baird decreased their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries 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.