LCI Industries (LCII) Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co increased its position in LCI Industries (NYSE:LCII) by 517.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the company’s stock after buying an additional 4,190 shares during the quarter. CENTRAL TRUST Co’s holdings in LCI Industries were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Suntrust Banks Inc. lifted its holdings in shares of LCI Industries by 15.6% during the first quarter. Suntrust Banks Inc. now owns 4,232 shares of the company’s stock valued at $440,000 after purchasing an additional 570 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of LCI Industries by 6.6% during the first quarter. OppenheimerFunds Inc. now owns 11,967 shares of the company’s stock valued at $1,246,000 after purchasing an additional 744 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of LCI Industries by 25.2% during the second quarter. GSA Capital Partners LLP now owns 3,860 shares of the company’s stock valued at $348,000 after purchasing an additional 776 shares during the last quarter. K.J. Harrison & Partners Inc lifted its holdings in shares of LCI Industries by 6.7% during the second quarter. K.J. Harrison & Partners Inc now owns 16,010 shares of the company’s stock valued at $1,443,000 after purchasing an additional 1,000 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust lifted its holdings in shares of LCI Industries by 33.3% during the second quarter. New Jersey Better Educational Savings Trust now owns 4,000 shares of the company’s stock valued at $361,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.

Several research firms recently weighed in on LCII. Zacks Investment Research raised LCI Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 4th. ValuEngine lowered LCI Industries from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. Citigroup dropped their price target on LCI Industries from $131.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, June 19th. Sidoti dropped their price target on LCI Industries from $136.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, September 28th. Finally, Robert W. Baird reissued a “buy” rating and set a $115.00 price target on shares of LCI Industries in a research report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $114.80.

NYSE:LCII opened at $80.67 on Monday. The firm has a market cap of $2.09 billion, a P/E ratio of 14.01 and a beta of 1.07. LCI Industries has a 1-year low of $80.08 and a 1-year high of $132.73. The company has a current ratio of 2.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.03. The firm had revenue of $684.46 million for the quarter, compared to analyst estimates of $658.81 million. LCI Industries had a return on equity of 23.39% and a net margin of 5.92%. LCI Industries’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 earnings per share. Equities research analysts predict that LCI Industries will post 6.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, August 30th. LCI Industries’s payout ratio is 41.67%.

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.

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

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