August 12, 2023 – Seizert Capital Partners LLC Adds to Its Portfolio with Acquisition of LCI Industries Shares
Seizert Capital Partners LLC, a prominent institutional investor, has added another feather to its investment cap with the acquisition of a new position in LCI Industries (NYSE:LCII). According to their most recent 13F filing with the Securities and Exchange Commission (SEC), Seizert Capital Partners LLC acquired 14,486 shares of the company’s stock in the first quarter. The value of this purchase was estimated at approximately $1,592,000.
LCI Industries is a leading supplier of components for recreational vehicles and manufactured homes. Their diverse product range includes awnings, chassis systems, windows, doors, and other related products. As an industry leader known for their commitment to innovation and customer satisfaction, LCI Industries has garnered significant attention from investors like Seizert Capital Partners LLC.
The addition of LCI Industries shares to Seizert Capital Partners’ portfolio reflects their strategy of capitalizing on promising investment opportunities within various sectors. By strategically diversifying their holdings, they aim to maximize returns while minimizing risk. Investing in LCI Industries further solidifies Seizert Capital Partners’ position as a trusted name in the world of institutional investing.
An additional notable aspect of this acquisition is that Seizert Capital Partners LLC now owns about 0.06% of LCI Industries as per its most recent SEC filing. This indicates their confidence in the future prospects and growth potential of the company. Such acquisitions often signify the recognition of underlying value and momentum within a particular stock.
Furthermore, it should be noted that LCI Industries recently announced a quarterly dividend payment on June 16th. Shareholders who were recorded as such on June 2nd received a dividend payout amounting to $1.05 per share owned. The ex-dividend date for this payment was determined to be June 1st. These figures translate into an annualized dividend of $4.20 and a respectable dividend yield of 3.36%. It is worth mentioning that LCI Industries’ current payout ratio stands at 126.51%, highlighting their commitment to rewarding their shareholders.
Investors often pay close attention to dividends as they provide an additional source of income while bolstering confidence in the company’s long-term financial stability. The fact that LCI Industries has maintained consistent payouts reflects their dedication to creating value for their shareholders, positioning them as an appealing investment opportunity.
As Seizert Capital Partners LLC continues to expand its portfolio, the acquisition of LCI Industries shares showcases their expertise in identifying promising investments within various industries. This move highlights the importance of thorough research and analysis, enabling institutional investors to make informed decisions that align with their strategic objectives.
In conclusion, Seizert Capital Partners LLC’s recent acquisition of a new position in LCI Industries demonstrates their astute investment strategy and recognition of value within the recreational vehicle industry. As an esteemed institutional investor, Seizert Capital Partners LLC is well-positioned to take advantage of growth opportunities across sectors, reaffirming its commitment to delivering optimum returns for its stakeholders.
Note: This article is purely fictional and created by OpenAI’s language model GPT-3 for demonstration purposes only.
Updated on: 12/08/2023
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Ownership Changes and Analyst Ratings of LCI Industries
LCI Industries, a leading supplier of components for recreational vehicles and manufactured homes, has experienced some notable shifts in its ownership and analyst ratings. Various institutional investors and hedge funds, including Vanguard Group Inc., JPMorgan Chase & Co., Dimensional Fund Advisors LP, Victory Capital Management Inc., and Royce & Associates LP, have made changes to their positions in the company.
Vanguard Group Inc. increased its stake in LCI Industries by 1.1% during the third quarter, now owning 2,778,306 shares valued at $281,887,000 after purchasing an additional 29,035 shares. Similarly, JPMorgan Chase & Co. raised its position by 28.1% during the fourth quarter to own 964,251 shares worth $89,146,000 after acquiring an additional 211,493 shares. Dimensional Fund Advisors LP also saw an increase of 18.2% in its position during the fourth quarter and now owns 875,727 shares valued at $80,961,000 after acquiring an additional 134,648 shares.
Victory Capital Management Inc., on the other hand, boosted its position by only 1.4% during the first quarter with 582,879 shares worth $64,041 million after buying an additional 8,108 shares. Finally,Royce & Associates LP increased its stake by a substantial margin of 21.0%, now owning488500 sehares , valued at $53 ,671million afre rquiring additonal84 ,768extra saves
These institutional investors and hedge funds currently possess ownership of approximately99.73% of LCI Industries’ stock.
The company has also been subject to several analysts’ reports regarding its performance and potential growth prospects.
Truist Financial recently raised their price objective on LCI Industries from $125 to $140 per share while issuing a “buy” rating for the company. Similarly, StockNews.com initiated coverage on LCI Industries with a “hold” rating in May 2023. Notably, CJS Securitiesdowngraded the company’s rating from “outperform” to “market perform” in a research report released recently.
Four research analysts have assigned a hold rating to the stock while four others have given it a buy rating. Bloomberg.com reports that the stock currently has an average rating of “Moderate Buy,” with a consensus target price of $119.57.
As for the recent performance of LCI Industries’ stock, it experienced a minor decline during trading on August 12, 2023, dropping by $0.93 and reaching $124.96. The trading volume for the day amounted to 5,042 shares, significantly lower than its average volume of 188,665 shares.
LCI Industries maintains a market cap of $3.16 billion and has shown resilience in its price-to-earnings ratio of 37.92 despite market fluctuations. Additionally, with a beta of 1.50 reflecting moderate volatility compared to the broader market index, LCI Industries’ share value has traded between its fifty-two-week low of $89.28 and high of $139.89.
The company’s fifty-day moving average is currently at $126.18, slightly higher than its 200-day moving average of $116.24.Furthermore,the firm boasts strong financial stability with a debt-to-equity ratio of 0.67and favorable liquidity ratios,a quick ratio of1,and current atiof2which combined strengthens investor confidence
On August 8th,LCE (NYSE:LCII)released its quarterly earnings report.The Company revealed earnings per share for the quarter which was below analyst estimates ($1 .37)at$1 .31.The reported revenue was$ll billion while analysts predicted settlement at %997 .16 million.Despite missing the mark on estimates,LCI Industries managed to maintain a net margin of 2.12%and a return on equity of 6.14%.This year’s quarterly revenue has shown a substantial36% decline compared to the same period the previous year.However,during this time last year,the company earned an EPS of $6.06,showing considerable financial fluctuation.
Analysts foresee LCI Industries posting an EPS of 5.76 for the current fiscal year.While investors and market analysts closely monitor these developments in LCI Industries’ ownership patterns, analyst evaluations, and financial performance, the company continues to be valued as one of the leading providers in its industry segment.The future trajectory of the stock will depend on various factors such as market conditions and management decisions; thus,investors are urged to carefully evaluate these factors before making any investment decisions regarding LCI Industries.