Capital Fund Management S.A. decreased its holdings in LCI Industries (NASDAQ:LCII) by 20.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,610 shares of the company’s stock after selling 12,254 shares during the quarter. Capital Fund Management S.A. owned 0.19% of LCI Industries worth $4,875,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of LCII. Fortaleza Asset Management Inc. purchased a new position in shares of LCI Industries in the second quarter valued at approximately $144,000. LSV Asset Management purchased a new position in shares of LCI Industries in the second quarter valued at approximately $194,000. Teacher Retirement System of Texas purchased a new position in shares of LCI Industries in the second quarter valued at approximately $202,000. Intrust Bank NA boosted its stake in shares of LCI Industries by 20.3% in the second quarter. Intrust Bank NA now owns 2,811 shares of the company’s stock valued at $288,000 after purchasing an additional 475 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of LCI Industries by 13.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,112 shares of the company’s stock valued at $319,000 after purchasing an additional 370 shares during the period.
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LCII has been the subject of several recent research reports. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Wednesday, July 5th. Robert W. Baird reissued a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research note on Friday, August 25th.
LCI Industries (NASDAQ:LCII) opened at 102.05 on Tuesday. The stock has a market cap of $2.54 billion and a price-to-earnings ratio of 18.43. The stock has a 50 day moving average of $99.58 and a 200 day moving average of $98.95. LCI Industries has a 1-year low of $80.65 and a 1-year high of $117.15.
LCI Industries (NASDAQ:LCII) last posted its earnings results on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The firm had revenue of $547 million during the quarter, compared to the consensus estimate of $507.56 million. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. Equities analysts expect that LCI Industries will post $5.79 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Wednesday, August 16th.
In related news, insider Nick C. Fletcher sold 1,617 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $105.44, for a total transaction of $170,496.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Scott T. Mereness bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $94.50 per share, with a total value of $283,500.00. Following the transaction, the president now owns 204,824 shares in the company, valued at approximately $19,355,868. The disclosure for this purchase can be found here.
About LCI Industries
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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