Intech Investment Management LLC Purchases 4,783 Shares of LCI Industries $LCII

Intech Investment Management LLC lifted its position in shares of LCI Industries (NYSE:LCII) by 38.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,284 shares of the company’s stock after purchasing an additional 4,783 shares during the quarter. Intech Investment Management LLC’s holdings in LCI Industries were worth $1,576,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in LCI Industries by 16.0% in the 1st quarter. Allianz Asset Management GmbH now owns 20,347 shares of the company’s stock valued at $1,779,000 after acquiring an additional 2,800 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of LCI Industries in the first quarter valued at approximately $695,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of LCI Industries by 9.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,415 shares of the company’s stock valued at $648,000 after purchasing an additional 620 shares during the last quarter. De Lisle Partners LLP lifted its position in shares of LCI Industries by 18.3% in the first quarter. De Lisle Partners LLP now owns 29,152 shares of the company’s stock worth $2,547,000 after purchasing an additional 4,500 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in LCI Industries during the first quarter worth $635,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LCII. Roth Capital raised their target price on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Loop Capital began coverage on LCI Industries in a report on Friday, October 31st. They set a “buy” rating and a $116.00 target price on the stock. Robert W. Baird increased their price target on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, BMO Capital Markets raised LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target on the stock in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, LCI Industries has an average rating of “Hold” and a consensus price target of $113.67.

LCI Industries Trading Up 5.5%

Shares of NYSE:LCII opened at $112.18 on Friday. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80. The company has a market capitalization of $2.71 billion, a P/E ratio of 18.73 and a beta of 1.34. The company has a 50-day simple moving average of $97.32 and a 200 day simple moving average of $96.32.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The firm had revenue of $1 billion for the quarter. Sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $4.60 annualized dividend and a yield of 4.1%. LCI Industries’s dividend payout ratio (DPR) is currently 64.34%.

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.