Gotham Asset Management LLC Has $2.25 Million Stock Holdings in LCI Industries (NYSE:LCII)

Gotham Asset Management LLC lifted its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 38.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,747 shares of the company's stock after acquiring an additional 6,016 shares during the period. Gotham Asset Management LLC owned approximately 0.09% of LCI Industries worth $2,248,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock worth $301,203,000 after acquiring an additional 56,794 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in LCI Industries by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock worth $127,904,000 after purchasing an additional 87,764 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after purchasing an additional 11,286 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of LCI Industries by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock valued at $65,784,000 after buying an additional 15,057 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after buying an additional 172,586 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a report on Wednesday, February 12th. Robert W. Baird cut their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. StockNews.com upgraded shares of LCI Industries from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Baird R W downgraded shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Truist Financial reduced their price objective on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.50.

LCI Industries Trading Up 0.2%

LCI Industries stock traded up $0.17 during midday trading on Monday, hitting $91.50. 342,270 shares of the stock were exchanged, compared to its average volume of 306,730. The stock has a market capitalization of $2.31 billion, a PE ratio of 16.34 and a beta of 1.26. The company has a fifty day simple moving average of $83.46 and a two-hundred day simple moving average of $99.87. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly 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 company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. Equities research analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, May 30th. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

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

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.