GAMMA Investing LLC Purchases Shares of 645 LCI Industries (NYSE:LCII)

GAMMA Investing LLC acquired a new position in shares of LCI Industries (NYSE:LCII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 645 shares of the company’s stock, valued at approximately $81,000.

Several other institutional investors also recently modified their holdings of the stock. O Shaughnessy Asset Management LLC grew its stake in LCI Industries by 3.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,469 shares of the company’s stock worth $290,000 after buying an additional 93 shares in the last quarter. Arizona State Retirement System grew its position in LCI Industries by 1.4% in the third quarter. Arizona State Retirement System now owns 7,203 shares of the company’s stock worth $846,000 after acquiring an additional 97 shares in the last quarter. Advisor OS LLC increased its stake in LCI Industries by 5.1% in the third quarter. Advisor OS LLC now owns 2,167 shares of the company’s stock valued at $255,000 after acquiring an additional 105 shares during the last quarter. SkyView Investment Advisors LLC raised its position in LCI Industries by 3.3% during the third quarter. SkyView Investment Advisors LLC now owns 3,765 shares of the company’s stock valued at $442,000 after purchasing an additional 122 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in LCI Industries by 3.5% during the third quarter. DAVENPORT & Co LLC now owns 4,044 shares of the company’s stock worth $475,000 after purchasing an additional 138 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LCII. Roth Mkm reduced their price objective on LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 6th. Truist Financial reiterated a “hold” rating and issued a $110.00 target price (down previously from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Robert W. Baird cut their price target on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Finally, BMO Capital Markets downgraded LCI Industries from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $105.00 to $100.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $104.20.

LCI Industries Price Performance

Shares of LCI Industries stock opened at $107.49 on Tuesday. The business has a 50 day moving average of $115.33 and a 200 day moving average of $115.87. LCI Industries has a 52 week low of $102.39 and a 52 week high of $137.07. The company has a market cap of $2.74 billion, a PE ratio of 42.49 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. During the same period in the prior year, the business posted ($0.68) earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, equities research analysts forecast that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $1.05 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.91%. LCI Industries’s dividend payout ratio (DPR) is 166.01%.

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.