1,724 Shares in LCI Industries (NYSE:LCII) Bought by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd purchased a new stake in LCI Industries (NYSE:LCII) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,724 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors have also added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its holdings in shares of LCI Industries by 4.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after acquiring an additional 90 shares in the last quarter. nVerses Capital LLC increased its stake in LCI Industries by 7.7% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after purchasing an additional 100 shares in the last quarter. HM Payson & Co. raised its holdings in shares of LCI Industries by 6.4% in the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after buying an additional 105 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of LCI Industries by 2.6% during the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock worth $417,000 after buying an additional 105 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of LCI Industries by 1.9% during the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after buying an additional 130 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Up 1.1 %

Shares of LCII opened at $114.98 on Thursday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.37 and a beta of 1.41. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The stock’s 50-day moving average price is $116.88 and its 200-day moving average price is $111.69. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. On average, sell-side analysts predict that LCI Industries will post 5.65 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.65%. LCI Industries’s payout ratio is 81.71%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Raymond James initiated coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Truist Financial raised their price objective on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Benchmark reissued a “buy” rating and set a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.