Empowered Funds LLC Has $10.26 Million Stake in LCI Industries $LCII

Empowered Funds LLC lifted its stake in LCI Industries (NYSE:LCII) by 775.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,557 shares of the company’s stock after purchasing an additional 99,702 shares during the period. Empowered Funds LLC owned 0.46% of LCI Industries worth $10,264,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LCII. Cerity Partners LLC increased its position in LCI Industries by 178.0% in the first quarter. Cerity Partners LLC now owns 7,394 shares of the company’s stock worth $646,000 after purchasing an additional 4,734 shares during the period. Allianz Asset Management GmbH raised its stake in shares of LCI Industries by 16.0% during the first quarter. Allianz Asset Management GmbH now owns 20,347 shares of the company’s stock worth $1,779,000 after buying an additional 2,800 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in LCI Industries in the first quarter valued at approximately $695,000. Royce & Associates LP lifted its holdings in LCI Industries by 6.4% in the first quarter. Royce & Associates LP now owns 581,590 shares of the company’s stock valued at $50,848,000 after buying an additional 34,967 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in LCI Industries by 9.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,415 shares of the company’s stock valued at $648,000 after acquiring an additional 620 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price for the company in a research report on Monday, November 3rd. Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Robert W. Baird raised their target price on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Loop Capital began coverage on LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 price target for the company. Finally, Zacks Research upgraded shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.67.

LCI Industries Stock Up 1.7%

Shares of LCI Industries stock opened at $106.65 on Wednesday. The company has a market capitalization of $2.58 billion, a P/E ratio of 17.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The business has a 50-day moving average of $96.94 and a two-hundred day moving average of $95.86. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of $1 billion for the quarter. As a group, equities analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business 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 dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is presently 64.34%.

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.