Dynamic Technology Lab Private Ltd Invests $756,000 in LCI Industries (NYSE:LCII)

Dynamic Technology Lab Private Ltd purchased a new position in shares of LCI Industries (NYSE:LCII) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,271 shares of the company’s stock, valued at approximately $756,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comerica Bank lifted its stake in LCI Industries by 24.1% in the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock valued at $3,911,000 after purchasing an additional 6,174 shares during the last quarter. Intech Investment Management LLC bought a new position in LCI Industries in the 2nd quarter valued at approximately $438,000. Cornercap Investment Counsel Inc. bought a new position in LCI Industries in the 2nd quarter valued at approximately $529,000. International Assets Investment Management LLC lifted its stake in LCI Industries by 5,533.7% in the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock valued at $1,250,000 after purchasing an additional 10,182 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Down 0.6 %

LCII opened at $122.50 on Friday. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $117.61 and a 200-day moving average of $112.50. The stock has a market cap of $3.12 billion, a PE ratio of 23.83 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same period in the prior year, the company posted $1.02 earnings per share. LCI Industries’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, sell-side analysts predict that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The business also recently declared 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. This represents a $4.60 dividend on an annualized basis and a yield of 3.76%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, November 29th. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Raymond James assumed coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, Truist Financial upped their price target on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $112.20.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value 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 trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

LCI Industries Company 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.