Fox Run Management L.L.C. Purchases Shares of 2,940 LCI Industries $LCII

Fox Run Management L.L.C. purchased a new stake in LCI Industries (NYSE:LCII) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,940 shares of the company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd grew its holdings in LCI Industries by 15.7% in the 1st quarter. Covestor Ltd now owns 885 shares of the company’s stock worth $77,000 after buying an additional 120 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in LCI Industries by 45.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock worth $47,000 after acquiring an additional 167 shares during the period. Apollon Wealth Management LLC grew its stake in shares of LCI Industries by 6.1% in the first quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company’s stock worth $318,000 after purchasing an additional 208 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of LCI Industries by 4.3% during the second quarter. TD Asset Management Inc now owns 6,635 shares of the company’s stock valued at $605,000 after purchasing an additional 271 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of LCI Industries by 591.5% during the second 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. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Down 0.6%

NYSE LCII opened at $108.60 on Friday. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38. The company has a market capitalization of $2.63 billion, a P/E ratio of 18.13 and a beta of 1.34. The company’s 50 day simple moving average is $96.86 and its 200 day simple moving average is $95.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. The firm had revenue of $1 billion for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. Equities research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.2%. LCI Industries’s payout ratio is 64.34%.

Analysts Set New Price Targets

Several research firms recently weighed in on LCII. Loop Capital began coverage on shares of LCI Industries in a research report on Friday, October 31st. They issued a “buy” rating and a $116.00 target price for the company. Roth Capital upped their price target on shares of LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price objective for the company in a report on Monday, November 3rd. Zacks Research upgraded shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, LCI Industries presently has a consensus rating of “Hold” and an average price target of $113.67.

LCI Industries Company Profile

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.