KLP Kapitalforvaltning AS Makes New $558,000 Investment in LCI Industries (NYSE:LCII)

KLP Kapitalforvaltning AS acquired a new stake in shares of LCI Industries (NYSE:LCII) during the 4th quarter, Holdings Channel reports. The firm acquired 5,400 shares of the company’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Centiva Capital LP bought a new position in shares of LCI Industries in the third quarter valued at $628,000. Readystate Asset Management LP acquired a new position in LCI Industries during the 3rd quarter valued at about $500,000. Stifel Financial Corp increased its holdings in LCI Industries by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock worth $9,952,000 after purchasing an additional 242 shares in the last quarter. Stadium Capital Management LLC purchased a new position in shares of LCI Industries during the third quarter valued at approximately $2,412,000. Finally, XTX Topco Ltd purchased a new position in shares of LCI Industries during the third quarter valued at approximately $770,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Up 2.1 %

Shares of LCI Industries stock opened at $89.74 on Thursday. The firm has a market cap of $2.29 billion, a PE ratio of 16.03 and a beta of 1.45. LCI Industries has a 1 year low of $85.69 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a fifty day moving average price of $99.27 and a 200-day moving average price of $108.77.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Equities research analysts anticipate that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio is currently 82.14%.

Wall Street Analysts Forecast Growth

LCII has been the topic of several recent analyst reports. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday. Finally, CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $121.50.

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.