Trexquant Investment LP lowered its stake in LCI Industries (NYSE:LCII - Free Report) by 39.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,078 shares of the company's stock after selling 32,607 shares during the quarter. Trexquant Investment LP owned about 0.20% of LCI Industries worth $5,281,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in shares of LCI Industries in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its position in shares of LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after buying an additional 247 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the third quarter valued at $49,000. Headlands Technologies LLC purchased a new stake in shares of LCI Industries in the 4th quarter valued at $59,000. Finally, Blue Trust Inc. lifted its stake in LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company's stock worth $64,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
LCI Industries Stock Performance
Shares of LCII traded down $4.58 during midday trading on Thursday, reaching $77.13. 109,090 shares of the stock were exchanged, compared to its average volume of 270,192. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.73 and a beta of 1.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The business's 50-day moving average price is $95.58 and its 200 day moving average price is $106.85.
LCI Industries (NYSE:LCII - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, sell-side analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.
LCI Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.96%. LCI Industries's payout ratio is 82.14%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on LCII. Truist Financial boosted their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a report on Thursday. Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird reaffirmed a "neutral" rating and issued a $100.00 target price (down previously from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Finally, CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target for the company in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $117.20.
Read Our Latest Research Report on LCII
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.
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