XTX Topco Ltd Takes $635,000 Position in LCI Industries (NYSE:LCII)

Key Points

• XTX Topco Ltd has acquired a $635,000 position in LCI Industries, purchasing 7,261 shares of the company's stock.
• LCI Industries recently declared a quarterly dividend of $1.15, translating to an annualized yield of 4.8%.
• Institutional investors currently hold 99.71% of LCI Industries' stock, indicating strong institutional interest in the company.

XTX Topco Ltd bought a new position in shares of LCI Industries (NYSE:LCII - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,261 shares of the company's stock, valued at approximately $635,000.

Several other institutional investors also recently added to or reduced their stakes in the company. LRI Investments LLC raised its holdings in LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after purchasing an additional 311 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock valued at $46,000 after buying an additional 439 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of LCI Industries during the fourth quarter valued at approximately $59,000. Covestor Ltd boosted its holdings 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 purchasing an additional 470 shares during the last quarter. Finally, Lido Advisors LLC purchased a new stake in LCI Industries in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Price Performance

Shares of LCII stock traded down $0.19 during trading hours on Thursday, reaching $95.63. 547,630 shares of the company were exchanged, compared to its average volume of 396,740. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 15.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.41. The stock's fifty day moving average is $94.14 and its two-hundred day moving average is $92.64. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.17. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. LCI Industries'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 EPS. Sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently declared 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. This represents a $4.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, May 30th. LCI Industries's payout ratio is 75.41%.

LCI Industries declared that its Board of Directors has approved a share repurchase plan on Thursday, May 15th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

LCII has been the subject of several recent research reports. Truist Financial increased their price objective on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Robert W. Baird decreased their price objective 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. BMO Capital Markets raised their price target on shares of LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research note on Wednesday. Finally, Wall Street Zen downgraded LCI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $108.60.

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.