Jane Street Group LLC Purchases 203,594 Shares of LCI Industries $LCII

Key Points

• Jane Street Group LLC increased its stake in LCI Industries by 651.1%, now holding approximately 0.93% of the company valued at around $20.5 million.
• LCI Industries recently reported $2.39 EPS for the quarter, surpassing the consensus estimate of $2.22, alongside a revenue of $1.11 billion, which was higher than analysts anticipated.
• The company declared a quarterly dividend of $1.15 per share, resulting in a 4.6% yield, with a payout ratio currently at 76.79%.

Jane Street Group LLC raised its stake in LCI Industries (NYSE:LCII - Free Report) by 651.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,864 shares of the company's stock after acquiring an additional 203,594 shares during the period. Jane Street Group LLC owned approximately 0.93% of LCI Industries worth $20,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in LCI Industries by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company's stock valued at $115,961,000 after acquiring an additional 89,230 shares during the last quarter. Victory Capital Management Inc. grew its holdings in LCI Industries by 9.3% during the 1st quarter. Victory Capital Management Inc. now owns 695,508 shares of the company's stock valued at $60,808,000 after purchasing an additional 59,233 shares during the last quarter. Millennium Management LLC grew its holdings in LCI Industries by 482.2% during the 1st quarter. Millennium Management LLC now owns 635,540 shares of the company's stock valued at $55,565,000 after purchasing an additional 526,378 shares during the last quarter. Royce & Associates LP grew its holdings in LCI Industries by 6.4% during the 1st quarter. Royce & Associates LP now owns 581,590 shares of the company's stock valued at $50,848,000 after purchasing an additional 34,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in LCI Industries by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 449,158 shares of the company's stock valued at $39,270,000 after purchasing an additional 12,735 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Up 0.4%

Shares of LCII traded up $0.43 during mid-day trading on Thursday, hitting $99.08. The company's stock had a trading volume of 245,410 shares, compared to its average volume of 213,888. The company's 50-day moving average is $100.87 and its 200-day moving average is $92.11. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.54 and a beta of 1.34. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.22 by $0.17. The firm 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%. LCI Industries's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.40 EPS. On average, equities research analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, August 29th. LCI Industries's payout ratio is 76.79%.

Analysts Set New Price Targets

Several equities analysts recently commented on LCII shares. BMO Capital Markets upped their price target 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. Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, 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 research report on Tuesday, June 3rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.