LCI Industries (NYSE:LCII) is Stadium Capital Management LLC's 5th Largest Position

Stadium Capital Management LLC raised its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 250.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,069 shares of the company's stock after acquiring an additional 50,058 shares during the quarter. LCI Industries makes up about 6.1% of Stadium Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Stadium Capital Management LLC owned about 0.28% of LCI Industries worth $7,244,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LCII. Argent Capital Management LLC increased its holdings in shares of LCI Industries by 38.7% in the 4th quarter. Argent Capital Management LLC now owns 3,092 shares of the company's stock worth $320,000 after buying an additional 863 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of LCI Industries by 10.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,142 shares of the company's stock worth $1,669,000 after purchasing an additional 1,561 shares during the period. Blue Trust Inc. increased its position in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock valued at $64,000 after purchasing an additional 234 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in LCI Industries by 1.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 165,716 shares of the company's stock valued at $17,133,000 after buying an additional 2,710 shares during the period. Finally, Strategic Financial Concepts LLC bought a new stake in LCI Industries in the fourth quarter worth $28,000. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Performance

NYSE LCII traded down $2.37 during trading hours on Wednesday, reaching $89.61. The stock had a trading volume of 126,328 shares, compared to its average volume of 306,585. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The stock has a fifty day moving average of $83.55 and a 200 day moving average of $99.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The stock has a market cap of $2.26 billion, a P/E ratio of 16.00 and a beta of 1.26.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.55 by $0.64. The company had revenue of $1.05 billion for 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 period in the prior year, the company earned $1.44 earnings per share. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries declared that its Board of Directors has initiated a share repurchase program on Thursday, May 15th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 13.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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 given 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 5.13%. LCI Industries's dividend payout ratio is presently 75.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday. 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 report on Monday, April 14th. 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 report on Wednesday, February 12th. Robert W. Baird reduced their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.