48,986 Shares in LCI Industries (NYSE:LCII) Purchased by Twinbeech Capital LP

Twinbeech Capital LP acquired a new position in LCI Industries (NYSE:LCII) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 48,986 shares of the company’s stock, valued at approximately $5,065,000. Twinbeech Capital LP owned about 0.19% of LCI Industries at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in LCI Industries by 4.8% in the 4th quarter. Tidal Investments LLC now owns 9,853 shares of the company’s stock worth $1,019,000 after buying an additional 451 shares during the last quarter. Stadium Capital Management LLC boosted its holdings in shares of LCI Industries by 250.2% during the 4th quarter. Stadium Capital Management LLC now owns 70,069 shares of the company’s stock worth $7,244,000 after purchasing an additional 50,058 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of LCI Industries by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 7,489 shares of the company’s stock worth $774,000 after purchasing an additional 2,302 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of LCI Industries by 12.7% during the 4th quarter. Nuveen Asset Management LLC now owns 96,725 shares of the company’s stock worth $10,000,000 after purchasing an additional 10,924 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of LCI Industries by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,116 shares of the company’s stock worth $1,459,000 after purchasing an additional 535 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Up 0.4%

LCII opened at $91.93 on Wednesday. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The stock has a market capitalization of $2.32 billion, a PE ratio of 16.42 and a beta of 1.26. The business’s 50 day moving average price is $83.55 and its 200 day moving average price is $99.66. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $972.04 million. During the same period in the prior year, the firm earned $1.44 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries declared that its board has approved a share repurchase program on Thursday, May 15th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Friday, May 30th. LCI Industries’s dividend payout ratio (DPR) is 75.41%.

Analyst Upgrades and Downgrades

LCII has been the topic of several recent research reports. Truist Financial lowered their target price on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 14th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird lowered their target price on LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Baird R W cut LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $112.50.

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.