Crestline Management LP Makes New Investment in LCI Industries (NYSE:LCII)

Crestline Management LP bought a new position in shares of LCI Industries (NYSE:LCII) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,488 shares of the company’s stock, valued at approximately $257,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after buying an additional 56,794 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of LCI Industries by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after buying an additional 87,764 shares during the period. Principal Financial Group Inc. increased its stake in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after buying an additional 11,286 shares during the period. Victory Capital Management Inc. increased its stake in shares of LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock worth $65,784,000 after buying an additional 15,057 shares during the period. Finally, Royce & Associates LP increased its stake in shares of LCI Industries by 46.1% during the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after buying an additional 172,586 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Price Performance

Shares of NYSE LCII opened at $85.50 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a fifty day moving average price of $84.13 and a 200 day moving average price of $100.72. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The company has a market cap of $2.16 billion, a PE ratio of 15.27 and a beta of 1.26.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. During the same period last year, the company earned $1.44 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Friday, March 7th. LCI Industries’s dividend payout ratio is presently 75.41%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LCII. Baird R W lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Truist Financial dropped their price target on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Finally, Robert W. Baird decreased their price objective on LCI Industries from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, LCI Industries has an average rating of “Hold” and an average price target of $110.60.

About LCI Industries

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.