92,563 Shares in LCI Industries $LCII Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. acquired a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,563 shares of the company's stock, valued at approximately $8,093,000. Jacobs Levy Equity Management Inc. owned about 0.37% of LCI Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SVB Wealth LLC acquired a new position in LCI Industries during the first quarter valued at approximately $28,000. LRI Investments LLC boosted its position in LCI Industries by 345.6% during 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. raised its holdings 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 valued at $46,000 after purchasing an additional 439 shares during the period. State of Wyoming acquired a new position in shares of LCI Industries during the first quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 45.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock worth $47,000 after acquiring an additional 167 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

Shares of LCII traded down $3.69 during mid-day trading on Friday, reaching $100.32. The stock had a trading volume of 143,980 shares, compared to its average volume of 226,278. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 16.75 and a beta of 1.34. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The business has a fifty day moving average of $100.85 and a 200 day moving average of $92.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.40 earnings per share. Equities analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $1.15 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LCII shares. 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 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 report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $103.25.

About LCI Industries

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.