LSV Asset Management trimmed its position in shares of LCI Industries (NYSE:LCII) by 76.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,200 shares of the company’s stock after selling 108,000 shares during the period. LSV Asset Management owned approximately 0.13% of LCI Industries worth $2,987,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in shares of LCI Industries by 1.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,515 shares of the company’s stock worth $766,000 after buying an additional 136 shares during the last quarter. Comerica Bank increased its holdings in LCI Industries by 0.6% in the 1st quarter. Comerica Bank now owns 24,749 shares of the company’s stock valued at $2,149,000 after purchasing an additional 138 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in LCI Industries by 17.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock valued at $85,000 after purchasing an additional 139 shares in the last quarter. Mason Street Advisors LLC increased its holdings in LCI Industries by 2.0% in the 1st quarter. Mason Street Advisors LLC now owns 7,985 shares of the company’s stock valued at $613,000 after purchasing an additional 153 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in LCI Industries by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 9,767 shares of the company’s stock valued at $750,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.
NYSE:LCII traded down $0.06 on Wednesday, reaching $82.29. The stock had a trading volume of 1,724 shares, compared to its average volume of 194,100. The company has a current ratio of 2.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $87.87 and a 200 day moving average of $86.46. The stock has a market cap of $2.09 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. LCI Industries has a 12-month low of $59.68 and a 12-month high of $97.90.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.60 dividend on an annualized basis and a yield of 3.16%. LCI Industries’s payout ratio is currently 44.37%.
LCII has been the subject of several recent research reports. CL King downgraded LCI Industries from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Northcoast Research initiated coverage on LCI Industries in a report on Friday, June 14th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $98.75.
LCI Industries Company Profile
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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