Pacer Advisors Inc. Has $107.02 Million Position in LCI Industries (NYSE:LCII)

Pacer Advisors Inc. lessened its holdings in LCI Industries (NYSE:LCII) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,035,096 shares of the company’s stock after selling 129,815 shares during the quarter. Pacer Advisors Inc. owned approximately 4.07% of LCI Industries worth $107,019,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Blue Trust Inc. raised its position in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after acquiring an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries in the 3rd quarter worth approximately $49,000. GAMMA Investing LLC boosted its stake in shares of LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after purchasing an additional 272 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LCI Industries during the second quarter worth $93,000. Finally, nVerses Capital LLC raised its stake in LCI Industries by 14.3% during the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock worth $193,000 after buying an additional 200 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $105.88 on Monday. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38. The company’s 50-day moving average is $110.36 and its 200 day moving average is $113.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The company has a market capitalization of $2.70 billion, a P/E ratio of 20.60 and a beta of 1.44.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. On average, equities research analysts forecast that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.34%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

Insider Activity

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

LCII has been the topic of several recent analyst reports. Raymond James started coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Truist Financial cut their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Sunday, January 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, LCI Industries has an average rating of “Hold” and an average target price of $113.75.

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.