Readystate Asset Management LP Purchases Shares of 4,144 LCI Industries (NYSE:LCII)

Readystate Asset Management LP purchased a new stake in LCI Industries (NYSE:LCIIFree Report) during the third quarter, Holdings Channel reports. The firm purchased 4,144 shares of the company’s stock, valued at approximately $500,000.

Several other large investors also recently made changes to their positions in LCII. Dimensional Fund Advisors LP boosted its holdings in LCI Industries by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after acquiring an additional 62,354 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of LCI Industries by 6.1% during the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after purchasing an additional 36,487 shares during the period. Victory Capital Management Inc. raised its position in shares of LCI Industries by 2.5% during the third quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock worth $74,882,000 after purchasing an additional 14,969 shares during the period. American Century Companies Inc. grew its holdings in shares of LCI Industries by 30.5% during the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after buying an additional 97,877 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of LCI Industries by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after buying an additional 29,192 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LCII shares. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Truist Financial lifted their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, LCI Industries presently has an average rating of “Hold” and a consensus price target of $112.20.

Check Out Our Latest Report on LCI Industries

LCI Industries Price Performance

Shares of NYSE LCII opened at $117.35 on Friday. The stock has a fifty day simple moving average of $117.63 and a two-hundred day simple moving average of $112.72. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 22.83 and a beta of 1.41. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCIIGet Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same period last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts anticipate that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $1.15 per share. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Friday, November 29th. LCI Industries’s dividend payout ratio (DPR) is 89.49%.

Insider Activity

In other 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 completion of the transaction, the chief executive officer now directly owns 373,145 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

LCI Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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