LCI Industries (NYSE:LCII) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in shares of LCI Industries (NYSE:LCII) by 19.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,384 shares of the company’s stock after purchasing an additional 380 shares during the period. QRG Capital Management Inc.’s holdings in LCI Industries were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after buying an additional 361 shares during the last quarter. LRI Investments LLC purchased a new position in LCI Industries during the first quarter valued at approximately $46,000. GAMMA Investing LLC raised its position in LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 272 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after acquiring an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in LCI Industries in the 2nd quarter worth approximately $93,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

Shares of NYSE LCII opened at $116.60 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.23 and a current ratio of 2.88. The firm has a fifty day moving average of $116.94 and a 200 day moving average of $111.55. The firm has a market cap of $2.97 billion, a PE ratio of 22.66 and a beta of 1.41. LCI Industries has a one year low of $96.18 and a one year high of $131.36.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 earnings per share. As a group, research analysts predict that LCI Industries will post 5.75 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Friday, August 30th. LCI Industries’s dividend payout ratio is presently 81.71%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LCII shares. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of LCI Industries in a report on Wednesday, August 7th. Raymond James initiated coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Truist Financial upped their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Company Profile

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.