Y Intercept Hong Kong Ltd Purchases New Position in LCI Industries $LCII

Y Intercept Hong Kong Ltd purchased a new position in LCI Industries (NYSE:LCII) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 36,818 shares of the company’s stock, valued at approximately $3,430,000.

A number of other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas increased its position in LCI Industries by 25.0% in the second quarter. Teacher Retirement System of Texas now owns 11,883 shares of the company’s stock worth $1,084,000 after purchasing an additional 2,380 shares during the last quarter. Nordea Investment Management AB boosted its position in LCI Industries by 2.0% during the second quarter. Nordea Investment Management AB now owns 22,807 shares of the company’s stock valued at $2,083,000 after purchasing an additional 438 shares in the last quarter. Timucuan Asset Management Inc. FL grew its stake in shares of LCI Industries by 226.5% during the second quarter. Timucuan Asset Management Inc. FL now owns 35,318 shares of the company’s stock worth $3,221,000 after acquiring an additional 24,500 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in LCI Industries by 424.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 47,423 shares of the company’s stock worth $4,417,000 after buying an additional 38,381 shares during the period. Finally, GAMMA Investing LLC grew its position in LCI Industries by 129.0% during the second quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock valued at $69,000 after buying an additional 427 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on LCII shares. Zacks Research downgraded shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Loop Capital reissued a “hold” rating and issued a $149.00 price target on shares of LCI Industries in a research note on Thursday. Roth Mkm raised their target price on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of LCI Industries in a research note on Thursday. Finally, 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 report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $128.50.

LCI Industries Trading Down 0.9%

Shares of LCI Industries stock opened at $145.93 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69. The firm has a market cap of $3.53 billion, a PE ratio of 20.41 and a beta of 1.31. The business’s fifty day moving average is $123.91 and its two-hundred day moving average is $107.58. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $151.85.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.53. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $963.96 million. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.39 earnings per share. Analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.2%. LCI Industries’s dividend payout ratio (DPR) is presently 64.34%.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.