LCI Industries (NYSE:LCII) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. raised its stake in shares of LCI Industries (NYSE:LCII) by 201.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,632 shares of the company’s stock after acquiring an additional 1,091 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in LCI Industries were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LCII. YorkBridge Wealth Partners LLC raised its stake in LCI Industries by 478.7% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the company’s stock worth $114,000 after acquiring an additional 900 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of LCI Industries during the 4th quarter valued at about $170,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of LCI Industries by 104.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock valued at $186,000 after buying an additional 730 shares during the last quarter. WP Advisors LLC purchased a new position in shares of LCI Industries during the 4th quarter valued at about $210,000. Finally, Everence Capital Management Inc. purchased a new position in shares of LCI Industries during the 4th quarter valued at about $221,000. 97.18% of the stock is currently owned by institutional investors and hedge funds.

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LCII stock opened at $93.45 on Friday. The company has a market cap of $2,340.70, a PE ratio of 16.26 and a beta of 1.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 2.29. LCI Industries has a one year low of $86.25 and a one year high of $132.73.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. The company had revenue of $547.14 million for the quarter, compared to analyst estimates of $511.36 million. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. analysts forecast that LCI Industries will post 8.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were paid a $0.55 dividend. The ex-dividend date was Thursday, March 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.35%. LCI Industries’s dividend payout ratio (DPR) is 38.19%.

In related news, insider Nick C. Fletcher sold 2,234 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $110.00, for a total transaction of $245,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Gero acquired 10,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was bought at an average price of $102.09 per share, with a total value of $1,020,900.00. Following the purchase, the director now directly owns 252,049 shares of the company’s stock, valued at $25,731,682.41. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 8,845 shares of company stock valued at $982,012. Insiders own 3.60% of the company’s stock.

A number of equities research analysts have recently commented on LCII shares. Zacks Investment Research upgraded LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Northcoast Research assumed coverage on LCI Industries in a report on Friday, January 26th. They issued a “sell” rating and a $94.00 price objective on the stock. Finally, Robert W. Baird reiterated a “buy” rating and issued a $135.00 price objective on shares of LCI Industries in a report on Friday, December 22nd.

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LCI Industries Profile

LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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