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

Gotham Asset Management LLC raised its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,747 shares of the company's stock after acquiring an additional 6,016 shares during the quarter. 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 hedge funds also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC grew its position in shares of LCI Industries by 5.6% during the fourth quarter. Frontier Capital Management Co. LLC now owns 292,028 shares of the company's stock worth $30,193,000 after acquiring an additional 15,408 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of LCI Industries by 48.4% in the fourth quarter. Deutsche Bank AG now owns 22,301 shares of the company's stock valued at $2,306,000 after buying an additional 7,270 shares in the last quarter. Crestline Management LP purchased a new position in shares of LCI Industries in the 4th quarter valued at about $257,000. Brevan Howard Capital Management LP acquired a new stake in shares of LCI Industries during the 4th quarter valued at approximately $755,000. Finally, Balyasny Asset Management L.P. grew its holdings in LCI Industries by 1.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 52,537 shares of the company's stock valued at $5,432,000 after purchasing an additional 740 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Stock Down 1.0%

Shares of LCII stock traded down $0.94 on Wednesday, hitting $91.04. The company's stock had a trading volume of 91,759 shares, compared to its average volume of 306,442. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm's fifty day moving average price is $83.55 and its 200-day moving average price is $99.66. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.26 and a beta of 1.26.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.64. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 EPS. Research analysts anticipate that LCI Industries will post 6.76 EPS for the current year.

LCI Industries announced that its board has authorized a stock buyback program on Thursday, May 15th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 5.05%. The ex-dividend date is Friday, May 30th. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

Analyst Upgrades and Downgrades

LCII has been the topic of several analyst reports. Baird R W cut shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial reduced their price target on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Robert W. Baird dropped their price objective on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Finally, StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, LCI Industries presently has a consensus rating of "Hold" and a consensus target price of $112.50.

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.