Handelsbanken Fonder AB increased its position in shares of LCI Industries (NYSE:LCII) by 18.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 320,010 shares of the company’s stock after buying an additional 50,010 shares during the period. Handelsbanken Fonder AB owned 1.28% of LCI Industries worth $41,601,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LCII. YorkBridge Wealth Partners LLC boosted its holdings in shares of LCI Industries by 478.7% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the company’s stock worth $114,000 after buying an additional 900 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in shares of LCI Industries during the 4th quarter worth $170,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of LCI Industries by 104.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock worth $186,000 after buying an additional 730 shares during the period. Zions Bancorporation bought a new stake in shares of LCI Industries during the 3rd quarter worth $187,000. Finally, WP Advisors LLC bought a new stake in shares of LCI Industries during the 4th quarter worth $210,000. 97.18% of the stock is owned by institutional investors and hedge funds.
In other news, insider Nick C. Fletcher sold 2,234 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $110.00, for a total value of $245,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Gero acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $112.29 per share, with a total value of $280,725.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 8,845 shares of company stock valued at $982,012. Insiders own 3.60% of the company’s stock.
LCII has been the subject of a number of research reports. Robert W. Baird reissued a “buy” rating and issued a $135.00 price target on shares of LCI Industries in a report on Friday, December 22nd. Zacks Investment Research raised shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Northcoast Research initiated coverage on shares of LCI Industries in a report on Friday, January 26th. They issued a “sell” rating and a $94.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. LCI Industries presently has a consensus rating of “Buy” and a consensus price target of $117.50.
Shares of LCI Industries stock opened at $107.05 on Thursday. The company has a quick ratio of 0.78, a current ratio of 2.29 and a debt-to-equity ratio of 0.08. LCI Industries has a 1-year low of $86.25 and a 1-year high of $132.73. The firm has a market cap of $2,724.36, a price-to-earnings ratio of 20.56 and a beta of 0.98.
LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.09. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. The firm had revenue of $547.14 million during the quarter, compared to the consensus estimate of $511.36 million. During the same period in the prior year, the firm earned $1.05 EPS. The business’s revenue was up 35.8% on a year-over-year basis. equities research analysts predict that LCI Industries will post 8.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, March 15th. LCI Industries’s dividend payout ratio (DPR) is presently 41.98%.
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LCI Industries Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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