Keeley Teton Advisors LLC Has $896,000 Stock Position in LCI Industries $LCII

Key Points

• Keeley Teton Advisors LLC reduced its stake in LCI Industries by 28.8% to a total of 10,244 shares valued at $896,000.
• LCI Industries has announced a $300 million stock repurchase plan, indicating management believes its shares are undervalued.
• The company posted a quarterly revenue increase of 5.1% year-over-year, exceeding expectations at $1.11 billion.

Keeley Teton Advisors LLC lessened its stake in LCI Industries (NYSE:LCII - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,244 shares of the company's stock after selling 4,142 shares during the quarter. Keeley Teton Advisors LLC's holdings in LCI Industries were worth $896,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LCII. SVB Wealth LLC acquired a new position in LCI Industries in the 1st quarter valued at approximately $28,000. LRI Investments LLC grew its position in LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after acquiring an additional 311 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock worth $46,000 after buying an additional 439 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of LCI Industries by 45.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock worth $47,000 after buying an additional 167 shares during the period. Finally, SouthState Corp boosted its holdings in shares of LCI Industries by 4,483.3% during the 1st quarter. SouthState Corp now owns 550 shares of the company's stock worth $48,000 after buying an additional 538 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LCII. Truist Financial upped their price objective on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Robert W. Baird reduced their price target on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, BMO Capital Markets increased their price objective on shares of LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $103.25.

LCI Industries Price Performance

NYSE:LCII traded down $1.18 during mid-day trading on Friday, reaching $105.32. 156,887 shares of the company were exchanged, compared to its average volume of 306,922. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The company has a fifty day moving average of $98.81 and a 200 day moving average of $92.42. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.55 billion, a PE ratio of 17.58 and a beta of 1.25.

LCI Industries (NYSE:LCII - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.17. The company had revenue of $1.11 billion for 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 for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 EPS. On average, research analysts anticipate 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 permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits 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 of directors believes its shares are undervalued.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.60 annualized dividend and a yield of 4.4%. LCI Industries's dividend payout ratio (DPR) is presently 76.79%.

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.