Jane Street Group LLC decreased its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,270 shares of the company's stock after selling 34,250 shares during the period. Jane Street Group LLC owned about 0.12% of LCI Industries worth $3,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of LCII. Smartleaf Asset Management LLC lifted its stake in shares of LCI Industries by 205.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after buying an additional 247 shares in the last quarter. Headlands Technologies LLC purchased a new stake in LCI Industries in the 4th quarter worth $59,000. Blue Trust Inc. lifted its stake in LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock worth $64,000 after purchasing an additional 234 shares in the last quarter. Covestor Ltd lifted its stake in LCI Industries by 159.3% in the 4th quarter. Covestor Ltd now owns 765 shares of the company's stock worth $79,000 after purchasing an additional 470 shares in the last quarter. Finally, Lido Advisors LLC purchased a new stake in LCI Industries in the 4th quarter worth $201,000. Institutional investors own 99.71% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on LCII shares. Robert W. Baird decreased their price target 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 shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. Truist Financial decreased 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 note on Monday, April 14th. StockNews.com upgraded shares of LCI Industries from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $112.50.
Read Our Latest Stock Analysis on LCII
LCI Industries Price Performance
Shares of NYSE LCII traded up $2.49 during mid-day trading on Friday, hitting $91.45. 493,159 shares of the company's stock traded hands, compared to its average volume of 305,988. The company's 50-day moving average is $83.46 and its two-hundred day moving average is $100.05. 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 company has a market capitalization of $2.31 billion, a P/E ratio of 16.33 and a beta of 1.26. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38.
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 firm had revenue of $1.05 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. On average, equities analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.
LCI Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.60 annualized dividend and a yield of 5.03%. LCI Industries's payout ratio is 75.41%.
LCI Industries declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 15th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.
LCI Industries Profile
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Free Report)
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.
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