DF Dent & Co. Inc. decreased its stake in shares of LCI Industries (NYSE:LCII) by 30.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,497 shares of the company’s stock after selling 1,499 shares during the period. DF Dent & Co. Inc.’s holdings in LCI Industries were worth $455,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Congress Asset Management Co. MA grew its holdings in LCI Industries by 723.3% in the 4th quarter. Congress Asset Management Co. MA now owns 689,686 shares of the company’s stock valued at $89,659,000 after buying an additional 605,911 shares during the last quarter. Hood River Capital Management LLC grew its holdings in LCI Industries by 172.0% in the 4th quarter. Hood River Capital Management LLC now owns 176,984 shares of the company’s stock valued at $23,008,000 after buying an additional 111,921 shares during the last quarter. SG Capital Management LLC acquired a new stake in LCI Industries in the 4th quarter valued at approximately $14,208,000. KAMES CAPITAL plc grew its holdings in LCI Industries by 33.1% in the 4th quarter. KAMES CAPITAL plc now owns 377,277 shares of the company’s stock valued at $48,989,000 after buying an additional 93,848 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in LCI Industries by 2.4% in the 4th quarter. BlackRock Inc. now owns 3,054,193 shares of the company’s stock valued at $397,047,000 after buying an additional 71,225 shares during the last quarter. 97.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of LCII stock opened at $109.00 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 2.29 and a debt-to-equity ratio of 0.08. LCI Industries has a 52-week low of $86.25 and a 52-week high of $132.73. The company has a market capitalization of $2,758.11, a P/E ratio of 20.80 and a beta of 0.98.
LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.09. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. The company had revenue of $547.14 million during the quarter, compared to the consensus estimate of $511.36 million. During the same quarter last year, the company earned $1.05 EPS. The company’s quarterly revenue was up 35.8% on a year-over-year basis. sell-side analysts expect that LCI Industries will post 8.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.02%. LCI Industries’s dividend payout ratio is currently 41.98%.
A number of analysts have issued reports on the company. Zacks Investment Research raised LCI Industries from a “hold” rating to a “strong-buy” rating and set a $134.00 target price on the stock in a report on Wednesday, February 14th. Robert W. Baird reiterated a “buy” rating and issued a $135.00 price objective on shares of LCI Industries in a research report on Friday, December 22nd. Finally, Northcoast Research assumed coverage on LCI Industries in a research report on Friday, January 26th. They issued a “sell” rating and a $94.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $117.50.
In related news, insider Nick C. Fletcher sold 2,234 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $110.00, for a total transaction of $245,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Gero bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $112.29 per share, with a total value of $280,725.00. The disclosure for this purchase can be found here. Insiders sold a total of 8,845 shares of company stock valued at $982,012 in the last quarter. Corporate insiders own 3.60% of the company’s stock.
LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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