Stadium Capital Management LLC grew its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 250.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,069 shares of the company's stock after purchasing an additional 50,058 shares during the period. LCI Industries makes up 6.1% of Stadium Capital Management LLC's investment portfolio, making the stock its 5th biggest holding. Stadium Capital Management LLC owned about 0.28% of LCI Industries worth $7,244,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently made changes to their positions in LCII. Strategic Financial Concepts LLC acquired a new stake in shares of LCI Industries in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC raised its holdings in shares of LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after acquiring an additional 247 shares during the last quarter. LRI Investments LLC raised its holdings in shares of LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after acquiring an additional 311 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of LCI Industries in the 4th quarter worth about $59,000. Finally, Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Wall Street Analyst Weigh In
LCII has been the topic of a number of analyst reports. Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial decreased their price objective on shares of LCI Industries from $108.00 to $80.00 and set a "hold" rating for the company in a research note on Monday, April 14th. 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 research note on Wednesday, May 7th. StockNews.com upgraded shares of LCI Industries from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $112.50.
View Our Latest Report on LCI Industries
LCI Industries Stock Up 0.2%
NYSE:LCII traded up $0.17 on Monday, hitting $91.50. The stock had a trading volume of 342,270 shares, compared to its average volume of 306,731. 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 $2.31 billion, a P/E ratio of 16.34 and a beta of 1.26. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The firm's fifty day simple moving average is $83.46 and its two-hundred day simple moving average is $99.72.
LCI Industries (NYSE:LCII - Get Free Report) last released its 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. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. During the same period in the prior year, the firm earned $1.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. Analysts predict that LCI Industries will post 6.76 earnings per share for the current year.
LCI Industries declared that its board has authorized a share buyback plan on Thursday, May 15th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.
LCI Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Friday, May 30th. LCI Industries's dividend payout ratio is currently 75.41%.
About LCI Industries
(
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.
Further Reading
Before you consider LCI Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LCI Industries wasn't on the list.
While LCI Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
