Boston Partners increased its position in shares of LCI Industries (NYSE:LCII) by 23.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 649,830 shares of the company’s stock after buying an additional 123,129 shares during the period. Boston Partners owned 2.58% of LCI Industries worth $43,409,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its holdings in LCI Industries by 39.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock worth $36,000 after purchasing an additional 154 shares during the period. Exane Derivatives acquired a new stake in LCI Industries in the fourth quarter worth $37,000. First Hawaiian Bank acquired a new stake in LCI Industries in the third quarter worth $214,000. Bank of Montreal Can grew its holdings in LCI Industries by 16.9% in the fourth quarter. Bank of Montreal Can now owns 2,771 shares of the company’s stock worth $185,000 after purchasing an additional 400 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in LCI Industries in the third quarter worth $258,000. 97.27% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on LCII. Sidoti reduced their price target on shares of LCI Industries from $115.00 to $112.00 and set a “buy” rating for the company in a report on Friday, November 30th. Citigroup reduced their price target on shares of LCI Industries from $111.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $103.25.
Shares of NYSE LCII opened at $82.94 on Friday. The stock has a market cap of $2.11 billion, a PE ratio of 14.26 and a beta of 1.38. LCI Industries has a 1 year low of $59.68 and a 1 year high of $118.40. The company has a quick ratio of 1.05, a current ratio of 2.97 and a debt-to-equity ratio of 0.42.
LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.15). The business had revenue of $536.62 million for the quarter, compared to analyst estimates of $549.39 million. LCI Industries had a net margin of 6.00% and a return on equity of 21.05%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.20 earnings per share. As a group, research analysts anticipate that LCI Industries will post 5.98 EPS for the current fiscal year.
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LCI Industries Company Profile
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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