LCI Industries (LCII) Shares Bought by Catalyst Capital Advisors LLC
Catalyst Capital Advisors LLC increased its stake in LCI Industries (NASDAQ:LCII) by 122.2% during the second quarter, Holdings Channel reports. The fund owned 4,000 shares of the company’s stock after buying an additional 2,200 shares during the period. Catalyst Capital Advisors LLC’s holdings in LCI Industries were worth $410,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Rice Hall James & Associates LLC increased its stake in LCI Industries by 42.2% in the second quarter. Rice Hall James & Associates LLC now owns 300,416 shares of the company’s stock valued at $30,763,000 after buying an additional 89,189 shares during the last quarter. Tdam USA Inc. bought a new stake in LCI Industries during the second quarter valued at $1,840,000. Boston Partners increased its stake in LCI Industries by 2.1% in the second quarter. Boston Partners now owns 729,159 shares of the company’s stock valued at $74,666,000 after buying an additional 15,308 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in LCI Industries by 8.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 200,000 shares of the company’s stock valued at $20,480,000 after buying an additional 15,000 shares during the last quarter. Finally, Sei Investments Co. increased its stake in LCI Industries by 2,623.4% in the second quarter. Sei Investments Co. now owns 11,983 shares of the company’s stock valued at $1,228,000 after buying an additional 11,543 shares during the last quarter.
Shares of LCI Industries (LCII) opened at 98.80 on Tuesday. LCI Industries has a 12-month low of $80.65 and a 12-month high of $117.15. The company has a 50-day moving average of $102.01 and a 200 day moving average of $100.63. The firm has a market cap of $2.46 billion and a P/E ratio of 17.84.
LCI Industries (NASDAQ:LCII) last announced its earnings results on Friday, August 4th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $547 million for the quarter, compared to analysts’ expectations of $507.56 million. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The company’s revenue was up 24.0% compared to the same quarter last year. Equities analysts predict that LCI Industries will post $5.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Wednesday, August 16th.
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LCII has been the subject of several research analyst reports. Robert W. Baird initiated coverage on shares of LCI Industries in a report on Wednesday, May 3rd. They issued an “outperform” rating and a $118.00 price objective for the company. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Wednesday, July 5th.
In other news, Director David A. Reed sold 2,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $101.29, for a total transaction of $202,580.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nick C. Fletcher sold 1,617 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $105.44, for a total value of $170,496.48. The disclosure for this sale can be found here.
About LCI Industries
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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