Marshall Wace LLP increased its stake in LCI Industries (NYSE: LCII – Get Rating) stock by 49.8% in the third quarter, according to its latest 13F filing with the SEC. The company owned his 99,933 shares of the company’s stock after purchasing an additional 33,219 shares during the period. Marshall Wace LLP owned approximately 0.39% of his LCI Industries worth $10,139,000 as of the latest filing with the SEC.
Many other institutional investors have also recently bought and sold shares of LCII. CWM LLC increased his position in LCI Industries by 120.2% in the third quarter. He now owns 251 shares of CWM LLC worth $25,000 after purchasing an additional 137 of his shares last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in his LCI Industries worth approximately $26,000 in the second quarter. Pinebridge Investments LP purchased new LCI Industries stock valued at approximately $27,000 in the second quarter. Eagle Bay Advisors LLC acquired new LCI Industries stock valued at approximately $28,000 in the second quarter. Finally, Denali Advisors LLC acquired his new stake in LCI Industries in the third quarter for his $30,000. An institutional investor owns his 99.19% of the company’s shares.
LCI Industries Price/Performance Ratio
Shares of LCII shares opened Friday at $111.86. The company has a market cap of $2.82 billion, a P/E of 7.22 and a beta of 1.46. The company has a quick ratio of 0.86, a current ratio of 3.30 and a debt to equity ratio of 0.79. His 12-month low on LCI Industries is $89.28 and his 12-month high is $139.89. The business has a 50-day simple moving average of $110.12 and a 200-day simple moving average of $105.80.
LCI Industries (NYSE: LCII – Get Rating) reported its final quarterly results on Tuesday, February 14. The company reported his earnings per share (EPS) for the quarter ($0.68), but missed consensus expectations by $0.30 ($0.98). LCI Industries had a return on equity of 28.95% and a net profit margin of 7.59%. The company’s revenue for the quarter was $894.35 million, compared with analyst estimates of $912.46 million. During the same quarter last year, the company posted his $3.22 earnings per share. The company’s quarterly revenue fell 26.3% year-over-year. On average, sell-side analysts expect LCI Industries to post 7.85 EPS in the current fiscal year.
International Association Industry Dividend Announcement
The business recently announced a quarterly dividend payable on Friday, March 24. Shareholders of record on Friday, March 10 will receive a dividend of $1.05. The ex-dividend date for this dividend is Thursday, March 9. This represents his $4.20 dividend and his 3.75% dividend yield on an annual basis. LCI Industries’ dividend payout ratio (DPR) is currently at 27.11%.
Wall Street Analyst Predicts Growth
Many brokerage firms participate in LCII. Jefferies Financial Group downgraded LCI Industries’ rating from ‘buy’ to ‘hold’ and lowered its price target from $120.00 to $95.00 in a research report on Friday, January 20. In a report on Wednesday, February 15, Roth Mkm downgraded LCI Industries’ stock from a ‘buy’ rating to a ‘neutral’ rating and lowered the company’s price target from $137.00 to $114.00. Roth Capital reissued a ‘buy’ rating and set a price target for LCI Industries at $114.00 (down from $137.00) in its Wednesday, Feb. 15 report. Truist Financial raised its price target on LCI Industries’ stock from $125.00 to $130.00 in a research report on Friday, February 17th. Finally, Robert W. Baird raised his price target on LCI Industries stock from his $120.00 to his $130.00, giving it an “outperform” rating in its research report on Wednesday, Feb. 15. Four analysts rated the stock with a holding rating and four assigned a buy rating to the company’s stock. According to MarketBeat.com data, LCI Industries has a consensus rating of “moderate buy” and a consensus price target of $118.14.
International Association Industry Profile
LCI Industries manufactures, supplies and distributes components for recreational vehicle and industrial housing original equipment manufacturers (OEMs). It operates through OEM and aftermarket segments. The OEM segment offers components for trailers, trucks, pontoon boats, trains, manufactured homes, and modular homes used to carry buses, boats, livestock, equipment and other cargo.
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