LCI Industries $LCII Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC grew its position in shares of LCI Industries (NYSE:LCII) by 23.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 75,500 shares of the company’s stock after purchasing an additional 14,163 shares during the quarter. NewSquare Capital LLC owned 0.30% of LCI Industries worth $6,885,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of LCI Industries during the 1st quarter valued at $28,000. Signaturefd LLC increased its position in shares of LCI Industries by 591.5% during the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after purchasing an additional 278 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock valued at $46,000 after purchasing an additional 439 shares during the period. State of Wyoming acquired a new position in shares of LCI Industries during the 1st quarter valued at $46,000. Finally, Smartleaf Asset Management LLC increased its position in shares of LCI Industries by 45.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock valued at $47,000 after purchasing an additional 167 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LCII shares. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Wednesday, October 8th. Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a report on Monday. Truist Financial lifted their target price on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Roth Capital lifted their target price on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $113.67.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $106.75 on Tuesday. The stock has a market cap of $2.59 billion, a PE ratio of 17.82 and a beta of 1.31. The business has a fifty day simple moving average of $96.31 and a 200-day simple moving average of $93.55. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The business had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. On average, sell-side analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 29th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

About LCI Industries

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.