Epoch Investment Partners Inc. reduced its position in shares of LCI Industries (NYSE:LCII) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 540,477 shares of the company’s stock after selling 15,635 shares during the period. Epoch Investment Partners Inc.’s holdings in LCI Industries were worth $44,751,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LCII. First Republic Investment Management Inc. raised its holdings in LCI Industries by 29.8% in the third quarter. First Republic Investment Management Inc. now owns 7,160 shares of the company’s stock valued at $593,000 after acquiring an additional 1,643 shares in the last quarter. Renaissance Technologies LLC raised its holdings in LCI Industries by 112.3% in the third quarter. Renaissance Technologies LLC now owns 29,300 shares of the company’s stock valued at $2,426,000 after acquiring an additional 15,500 shares in the last quarter. Royce & Associates LP raised its holdings in LCI Industries by 30.0% in the third quarter. Royce & Associates LP now owns 373,529 shares of the company’s stock valued at $30,928,000 after acquiring an additional 86,167 shares in the last quarter. William Blair Investment Management LLC raised its holdings in LCI Industries by 23.9% in the third quarter. William Blair Investment Management LLC now owns 147,166 shares of the company’s stock valued at $12,185,000 after acquiring an additional 28,432 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in LCI Industries by 154.5% in the third quarter. GSA Capital Partners LLP now owns 9,823 shares of the company’s stock valued at $813,000 after acquiring an additional 5,963 shares in the last quarter. 97.34% of the stock is currently owned by institutional investors and hedge funds.
LCII has been the topic of several recent analyst reports. Northcoast Research reaffirmed a “buy” rating on shares of LCI Industries in a report on Friday, August 17th. Sidoti cut their price target on shares of LCI Industries from $115.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, November 30th. Citigroup cut their price target on shares of LCI Industries from $111.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, November 6th. Finally, ValuEngine cut shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $109.40.
LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, November 1st. The company reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.05). The business had revenue of $604.24 million for the quarter, compared to analyst estimates of $601.93 million. LCI Industries had a return on equity of 22.88% and a net margin of 5.87%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company posted $1.26 earnings per share. As a group, equities research analysts anticipate that LCI Industries will post 6.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, November 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.34%. LCI Industries’s dividend payout ratio (DPR) is 41.67%.
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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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