Quadrature Capital Ltd Sells 3,771 Shares of LCI Industries (NYSE:LCII)

Quadrature Capital Ltd decreased its stake in LCI Industries (NYSE:LCII) by 42.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,068 shares of the company’s stock after selling 3,771 shares during the quarter. Quadrature Capital Ltd’s holdings in LCI Industries were worth $611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Readystate Asset Management LP acquired a new position in shares of LCI Industries during the 3rd quarter worth approximately $500,000. Centiva Capital LP acquired a new position in LCI Industries during the third quarter worth $628,000. ARGA Investment Management LP raised its position in LCI Industries by 3.7% during the third quarter. ARGA Investment Management LP now owns 27,030 shares of the company’s stock worth $3,258,000 after acquiring an additional 958 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in LCI Industries by 18.9% in the third quarter. Hantz Financial Services Inc. now owns 6,193 shares of the company’s stock valued at $747,000 after acquiring an additional 983 shares during the last quarter. Finally, De Lisle Partners LLP grew its position in shares of LCI Industries by 11.0% in the 3rd quarter. De Lisle Partners LLP now owns 24,652 shares of the company’s stock valued at $2,975,000 after acquiring an additional 2,444 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

LCI Industries Price Performance

LCI Industries stock opened at $118.00 on Monday. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 22.96 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 has a 12 month low of $96.18 and a 12 month high of $131.36. The stock’s 50 day moving average is $117.59 and its 200-day moving average is $112.81.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $922.85 million. During the same period in the prior year, the firm posted $1.02 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts expect that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.15 dividend. The ex-dividend date is Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 3.90%. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is currently 89.49%.

LCI Industries Profile

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.