Rice Hall James & Associates LLC Has $8.60 Million Stake in LCI Industries $LCII

Rice Hall James & Associates LLC cut its position in LCI Industries (NYSE:LCII) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,348 shares of the company’s stock after selling 9,126 shares during the quarter. Rice Hall James & Associates LLC owned 0.38% of LCI Industries worth $8,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC raised its holdings in LCI Industries by 482.2% in the 1st quarter. Millennium Management LLC now owns 635,540 shares of the company’s stock valued at $55,565,000 after buying an additional 526,378 shares during the last quarter. ARGA Investment Management LP raised its stake in shares of LCI Industries by 1,386.8% during the second quarter. ARGA Investment Management LP now owns 424,374 shares of the company’s stock valued at $38,699,000 after acquiring an additional 395,831 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of LCI Industries by 651.1% during the first quarter. Jane Street Group LLC now owns 234,864 shares of the company’s stock worth $20,534,000 after purchasing an additional 203,594 shares during the period. Bank of Montreal Can grew its stake in shares of LCI Industries by 70.4% in the second quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock worth $39,745,000 after purchasing an additional 180,060 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new stake in LCI Industries in the second quarter valued at $15,633,000. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Performance

NYSE:LCII opened at $124.00 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69. LCI Industries has a twelve month low of $72.31 and a twelve month high of $125.00. The company has a fifty day moving average of $110.44 and a 200-day moving average of $101.55. The firm has a market capitalization of $3.00 billion, a P/E ratio of 17.34 and a beta of 1.32.

LCI Industries (NYSE:LCII) last posted 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%. As a group, sell-side analysts anticipate that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, November 28th. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

Wall Street Analyst Weigh In

Several research analysts have commented on LCII shares. 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, November 3rd. Loop Capital assumed coverage on shares of LCI Industries in a report on Friday, October 31st. They set a “buy” rating and a $116.00 price target for the company. Truist Financial upped their price objective on shares of LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Zacks Research upgraded shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, BMO Capital Markets upgraded shares of 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, November 3rd. One 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $113.67.

LCI Industries Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.