Barclays PLC Reduces Stake in LCI Industries (LCII)
Barclays PLC reduced its position in LCI Industries (NYSE:LCII) by 64.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,022 shares of the company’s stock after selling 30,467 shares during the period. Barclays PLC’s holdings in LCI Industries were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in shares of LCI Industries by 39.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 542 shares of the company’s stock worth $36,000 after buying an additional 154 shares during the last quarter. Exane Derivatives purchased a new position in shares of LCI Industries in the 4th quarter worth $37,000. Bank of Montreal Can boosted its stake in shares of LCI Industries by 16.9% in the 4th quarter. Bank of Montreal Can now owns 2,771 shares of the company’s stock worth $185,000 after buying an additional 400 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of LCI Industries by 10.1% in the 4th quarter. First Hawaiian Bank now owns 2,840 shares of the company’s stock worth $189,000 after buying an additional 260 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of LCI Industries in the 4th quarter worth $218,000. Hedge funds and other institutional investors own 97.27% of the company’s stock.
In related news, insider Nick C. Fletcher sold 1,688 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $79.57, for a total value of $134,314.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is currently owned by company insiders.
Shares of LCI Industries stock opened at $73.80 on Tuesday. LCI Industries has a one year low of $59.68 and a one year high of $104.90. The firm has a market capitalization of $1.83 billion, a P/E ratio of 12.59 and a beta of 1.39. The company has a current ratio of 2.97, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42.
LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, February 7th. The company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.15). LCI Industries had a return on equity of 21.05% and a net margin of 6.00%. The company had revenue of $536.62 million during the quarter, compared to the consensus estimate of $549.39 million. During the same period in the prior year, the business posted $1.20 earnings per share. LCI Industries’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts forecast that LCI Industries will post 5.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. LCI Industries’s dividend payout ratio is currently 40.96%.
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About LCI Industries
LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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