Boston Partners Boosts Stake in LCI Industries $LCII

Boston Partners increased its position in shares of LCI Industries (NYSE:LCII) by 33.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 320,186 shares of the company’s stock after buying an additional 79,847 shares during the quarter. Boston Partners owned about 1.32% of LCI Industries worth $29,399,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of LCI Industries by 178.0% in the first quarter. Cerity Partners LLC now owns 7,394 shares of the company’s stock valued at $646,000 after acquiring an additional 4,734 shares during the period. Apollon Wealth Management LLC grew its position in LCI Industries by 6.1% during the 1st quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company’s stock worth $318,000 after purchasing an additional 208 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after purchasing an additional 439 shares during the last quarter. Victory Capital Management Inc. increased its stake in LCI Industries by 9.3% in the first quarter. Victory Capital Management Inc. now owns 695,508 shares of the company’s stock valued at $60,808,000 after purchasing an additional 59,233 shares during the period. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of LCI Industries in the first quarter valued at about $1,257,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Down 0.8%

LCI Industries stock opened at $109.37 on Thursday. The stock’s 50 day moving average price is $96.80 and its 200 day moving average price is $94.94. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The company has a market cap of $2.65 billion, a PE ratio of 18.26 and a beta of 1.34. 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 released its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The company had revenue of $1 billion during the quarter. On average, sell-side analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.2%. LCI Industries’s payout ratio is currently 64.34%.

Analyst Ratings Changes

A number of research firms recently issued reports on LCII. Robert W. Baird raised their price target on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Loop Capital initiated coverage on LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 target price on the stock. BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a research note on Monday, November 3rd. Wall Street Zen raised LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.67.

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.