Frontier Capital Management Co. LLC Acquires 161,472 Shares of LCI Industries $LCII

Frontier Capital Management Co. LLC lifted its holdings in LCI Industries (NYSE:LCII) by 47.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 504,761 shares of the company’s stock after acquiring an additional 161,472 shares during the period. Frontier Capital Management Co. LLC owned 2.08% of LCI Industries worth $46,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd raised its holdings in LCI Industries by 15.7% during the 1st quarter. Covestor Ltd now owns 885 shares of the company’s stock valued at $77,000 after buying an additional 120 shares during the period. SageView Advisory Group LLC raised its stake in shares of LCI Industries by 6.3% in the second quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock valued at $241,000 after acquiring an additional 145 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of LCI Industries by 45.5% in the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock valued at $47,000 after acquiring an additional 167 shares during the period. Zions Bancorporation National Association UT boosted its stake in shares of LCI Industries by 1.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 15,309 shares of the company’s stock worth $1,396,000 after purchasing an additional 171 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of LCI Industries by 12.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,239 shares of the company’s stock worth $204,000 after purchasing an additional 248 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

LCII has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. BMO Capital Markets raised LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a research note on Monday, November 3rd. Robert W. Baird upped their price objective on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Loop Capital began coverage on LCI Industries in a research report on Friday, October 31st. They set a “buy” rating and a $116.00 target price for the company. Finally, Wall Street Zen lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LCI Industries presently has an average rating of “Hold” and an average price target of $113.67.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $120.90 on Thursday. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average price is $102.27 and its 200-day moving average price is $98.76. The firm has a market cap of $2.93 billion, a P/E ratio of 16.91 and a beta of 1.32. LCI Industries has a 12 month low of $72.31 and a 12 month high of $121.51.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The firm had revenue of $1 billion during the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. On average, equities research analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

LCI Industries 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.