SG Americas Securities LLC grew its holdings in shares of LCI Industries (NYSE:LCII) by 1,022.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,494 shares of the company’s stock after buying an additional 33,244 shares during the quarter. SG Americas Securities LLC’s holdings in LCI Industries were worth $2,438,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of LCI Industries by 20.1% during the fourth quarter. Rhumbline Advisers now owns 72,680 shares of the company’s stock valued at $4,855,000 after purchasing an additional 12,173 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of LCI Industries by 39.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock valued at $36,000 after purchasing an additional 154 shares in the last quarter. Exane Derivatives bought a new position in shares of LCI Industries during the fourth quarter valued at approximately $37,000. First Manhattan Co. boosted its stake in shares of LCI Industries by 6.0% during the fourth quarter. First Manhattan Co. now owns 28,638 shares of the company’s stock valued at $1,913,000 after purchasing an additional 1,630 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of LCI Industries by 6.2% during the fourth quarter. Arizona State Retirement System now owns 38,835 shares of the company’s stock valued at $2,594,000 after purchasing an additional 2,256 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.
A number of equities research analysts recently commented on the stock. Citigroup decreased their target price on shares of LCI Industries from $111.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, November 6th. Sidoti decreased their target price on shares of LCI Industries from $115.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, November 30th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $109.40.
In other news, Director James Gero bought 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average price of $63.24 per share, with a total value of $948,600.00. Following the completion of the transaction, the director now directly owns 278,473 shares of the company’s stock, valued at approximately $17,610,632.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.00% of the company’s stock.
NYSE:LCII opened at $76.99 on Monday. LCI Industries has a 52 week low of $59.68 and a 52 week high of $119.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.97 and a quick ratio of 1.05. The company has a market cap of $1.94 billion, a P/E ratio of 13.14 and a beta of 1.38.
LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, February 7th. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.15). LCI Industries had a net margin of 6.00% and a return on equity of 21.05%. The firm had revenue of $536.62 million for the quarter, compared to analysts’ expectations of $549.39 million. During the same period in the previous year, the company earned $1.20 EPS. The company’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate that LCI Industries will post 5.98 EPS for the current fiscal year.
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About LCI Industries
LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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