UBS Asset Management Americas Inc. increased its holdings in shares of LCI Industries (NYSE:LCII) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,796 shares of the company’s stock after acquiring an additional 959 shares during the period. UBS Asset Management Americas Inc.’s holdings in LCI Industries were worth $1,872,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of LCII. Morgan Stanley raised its holdings in shares of LCI Industries by 264.9% during the second quarter. Morgan Stanley now owns 132,258 shares of the company’s stock valued at $11,903,000 after purchasing an additional 96,017 shares during the last quarter. BlackRock Inc. raised its holdings in shares of LCI Industries by 1.1% during the second quarter. BlackRock Inc. now owns 3,640,224 shares of the company’s stock valued at $327,621,000 after purchasing an additional 39,933 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new position in shares of LCI Industries during the second quarter valued at approximately $3,575,000. Lazard Asset Management LLC raised its holdings in shares of LCI Industries by 14.0% during the first quarter. Lazard Asset Management LLC now owns 241,734 shares of the company’s stock valued at $18,570,000 after purchasing an additional 29,700 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of LCI Industries by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 264,619 shares of the company’s stock valued at $17,676,000 after purchasing an additional 21,484 shares during the last quarter.
Several research analysts have recently weighed in on LCII shares. Zacks Investment Research cut shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine cut shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Northcoast Research started coverage on shares of LCI Industries in a report on Friday, June 14th. They set a “neutral” rating for the company. Finally, Citigroup boosted their price objective on shares of LCI Industries from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $103.25.
Shares of LCII stock opened at $90.71 on Friday. LCI Industries has a 12 month low of $59.68 and a 12 month high of $97.77. The stock has a market cap of $2.27 billion, a P/E ratio of 15.48, a P/E/G ratio of 0.98 and a beta of 1.41. 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 simple moving average of $88.47 and a two-hundred day simple moving average of $88.23.
LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. LCI Industries had a net margin of 5.75% and a return on equity of 18.72%. The business had revenue of $629.10 million during the quarter, compared to analysts’ expectations of $643.70 million. During the same period in the prior year, the company earned $1.86 earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis. As a group, equities analysts forecast that LCI Industries will post 5.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.60 dividend on an annualized basis and a yield of 2.87%. LCI Industries’s dividend payout ratio is currently 44.37%.
About LCI Industries
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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