Quadrature Capital Ltd Purchases Shares of 7,892 LCI Industries $LCII

Quadrature Capital Ltd purchased a new position in LCI Industries (NYSE:LCII) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,892 shares of the company’s stock, valued at approximately $720,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in LCI Industries by 7.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,326,349 shares of the company’s stock valued at $115,961,000 after buying an additional 89,230 shares during the period. Millennium Management LLC increased its stake in LCI Industries by 482.2% in 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. Geode Capital Management LLC raised its holdings in shares of LCI Industries by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 589,603 shares of the company’s stock valued at $53,772,000 after acquiring an additional 8,942 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LCI Industries by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 449,158 shares of the company’s stock valued at $39,270,000 after acquiring an additional 12,735 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of LCI Industries by 70.4% during the 2nd quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock valued at $39,745,000 after acquiring an additional 180,060 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LCII. BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price objective on the stock in a research report on Monday, November 3rd. Robert W. Baird boosted their price target on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Wall Street Zen cut shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. Finally, Loop Capital initiated coverage on shares of LCI Industries in a research report on Friday, October 31st. They issued a “buy” rating and a $116.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $113.67.

LCI Industries Trading Up 0.5%

LCII stock opened at $114.24 on Tuesday. The company has a market capitalization of $2.76 billion, a PE ratio of 19.07 and a beta of 1.34. LCI Industries has a one year low of $72.31 and a one year high of $122.47. The company’s 50 day moving average price is $99.26 and its two-hundred day moving average price is $97.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The company had revenue of $1 billion during the quarter. As a group, analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

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 given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, November 28th. LCI Industries’s dividend payout ratio is presently 64.34%.

LCI Industries Company 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.