9,231 Shares in LCI Industries $LCII Acquired by Petrus Trust Company LTA

Petrus Trust Company LTA purchased a new position in shares of LCI Industries (NYSE:LCII) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 9,231 shares of the company’s stock, valued at approximately $807,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millennium Management LLC boosted its stake in shares of LCI Industries by 482.2% during the 1st quarter. Millennium Management LLC now owns 635,540 shares of the company’s stock worth $55,565,000 after acquiring an additional 526,378 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LCI Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock worth $1,290,000 after acquiring an additional 643 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of LCI Industries during the 1st quarter worth $8,093,000. AQR Capital Management LLC purchased a new position in shares of LCI Industries during the 1st quarter worth $588,000. Finally, Dark Forest Capital Management LP boosted its stake in shares of LCI Industries by 691.5% during the 1st quarter. Dark Forest Capital Management LP now owns 59,111 shares of the company’s stock worth $5,168,000 after acquiring an additional 51,643 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 0.2%

Shares of LCII stock opened at $105.95 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 17.69 and a beta of 1.34. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The company’s fifty day moving average price is $100.20 and its 200-day moving average price is $92.35. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.22 by $0.17. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $2.40 EPS. Sell-side analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, August 29th. LCI Industries’s payout ratio is currently 76.79%.

LCI Industries announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 15th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LCII. Truist Financial lifted their price target on shares of LCI Industries from $80.00 to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. BMO Capital Markets lifted their price target on shares of LCI Industries from $80.00 to $85.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $103.25.

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.