MQS Management LLC Invests $652,000 in LCI Industries (NYSE:LCII)

MQS Management LLC bought a new position in LCI Industries (NYSE:LCII - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,457 shares of the company's stock, valued at approximately $652,000.

Other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its position in shares of LCI Industries by 5.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock valued at $268,000 after buying an additional 130 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of LCI Industries by 11.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company's stock valued at $234,000 after buying an additional 238 shares during the period. LRI Investments LLC boosted its position in shares of 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 buying an additional 311 shares during the period. Wesbanco Bank Inc. boosted its position in shares of LCI Industries by 12.2% during the first quarter. Wesbanco Bank Inc. now owns 3,043 shares of the company's stock valued at $266,000 after buying an additional 330 shares during the period. Finally, Swiss National Bank boosted its position in shares of LCI Industries by 0.8% during the fourth quarter. Swiss National Bank now owns 50,100 shares of the company's stock valued at $5,180,000 after buying an additional 400 shares during the period. 99.71% of the stock is owned by institutional investors.

LCI Industries Trading Down 0.6%

Shares of NYSE LCII traded down $0.56 during trading hours on Monday, reaching $99.61. The stock had a trading volume of 306,019 shares, compared to its average volume of 320,168. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 16.33 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 company has a current ratio of 2.96, a quick ratio of 1.41 and a debt-to-equity ratio of 0.68. The business's fifty day moving average price is $90.50 and its two-hundred day moving average price is $93.28.

LCI Industries (NYSE:LCII - Get Free Report) last announced its earnings results 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. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $972.04 million. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. Analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

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 given 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 4.62%. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

LCI Industries announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 15th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird dropped their target price 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. Wall Street Zen upgraded LCI Industries from a "hold" rating to a "buy" rating in a report on Monday. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Truist Financial boosted their price target on LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $114.50.

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.