Fox Run Management L.L.C. Makes New Investment in LCI Industries $LCII

Fox Run Management L.L.C. bought a new position in LCI Industries (NYSE:LCII) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 2,940 shares of the company’s stock, valued at approximately $268,000.

Several other hedge funds have also made changes to their positions in LCII. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in LCI Industries in the 2nd quarter worth approximately $26,000. NewSquare Capital LLC raised its stake in LCI Industries by 23.1% during the 2nd quarter. NewSquare Capital LLC now owns 75,500 shares of the company’s stock valued at $6,885,000 after purchasing an additional 14,163 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of LCI Industries by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 347,608 shares of the company’s stock valued at $31,698,000 after purchasing an additional 5,592 shares in the last quarter. Bank of Montreal Can boosted its position in shares of LCI Industries by 70.4% in the second quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock worth $39,745,000 after buying an additional 180,060 shares during the period. Finally, World Investment Advisors purchased a new position in shares of LCI Industries during the second quarter valued at $264,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Down 0.6%

NYSE:LCII opened at $108.60 on Friday. The stock’s 50 day moving average price is $96.86 and its 200 day moving average price is $95.04. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a market capitalization of $2.63 billion, a P/E ratio of 18.13 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. The firm had revenue of $1 billion during the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. On average, research analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $1.15 dividend. The ex-dividend date is Friday, November 28th. This represents a $4.60 dividend on an annualized basis and a yield of 4.2%. LCI Industries’s dividend payout ratio is currently 64.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Loop Capital assumed coverage on LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 price objective for the company. Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Roth Capital upped their price objective on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Robert W. Baird increased their target price on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.67.

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.