4,580 Shares in LCI Industries $LCII Bought by WBI Investments LLC

WBI Investments LLC bought a new position in shares of LCI Industries (NYSE:LCII) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,580 shares of the company’s stock, valued at approximately $400,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LCII. SVB Wealth LLC bought a new stake in LCI Industries in the 1st quarter valued at $28,000. Whittier Trust Co. of Nevada Inc. lifted its position in LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after buying an additional 439 shares in the last quarter. State of Wyoming acquired a new position in LCI Industries during the 1st quarter worth about $46,000. Smartleaf Asset Management LLC lifted its position in LCI Industries by 45.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after buying an additional 167 shares in the last quarter. Finally, SouthState Corp raised its holdings in LCI Industries by 4,483.3% during the 1st quarter. SouthState Corp now owns 550 shares of the company’s stock worth $48,000 after purchasing an additional 538 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LCII. BMO Capital Markets increased their price target on shares of LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a research report on Wednesday, August 6th. Truist Financial raised their target price on shares of LCI Industries from $80.00 to $88.00 and gave the stock a “hold” rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.25.

LCI Industries Trading Up 2.1%

Shares of LCI Industries stock opened at $104.02 on Friday. The firm has a 50-day moving average of $100.80 and a 200-day moving average of $92.26. The stock has a market cap of $2.52 billion, a PE ratio of 17.37 and a beta of 1.34. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.17. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.LCI Industries’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.40 earnings per share. As a group, sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries announced that its Board of Directors has approved a stock buyback plan on Thursday, May 15th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, August 29th. LCI Industries’s payout ratio is 76.79%.

LCI Industries 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.