Skyline Asset Management LP reduced its position in LCI Industries (NYSE:LCII) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,350 shares of the company’s stock after selling 12,500 shares during the quarter. LCI Industries comprises about 1.9% of Skyline Asset Management LP’s holdings, making the stock its 23rd biggest holding. Skyline Asset Management LP owned 0.36% of LCI Industries worth $9,572,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Calamos Advisors LLC bought a new stake in LCI Industries during the fourth quarter valued at approximately $1,916,000. Evoke Wealth LLC bought a new stake in shares of LCI Industries in the 3rd quarter worth approximately $25,000. Man Group plc lifted its holdings in shares of LCI Industries by 313.1% in the 3rd quarter. Man Group plc now owns 47,898 shares of the company’s stock worth $4,399,000 after acquiring an additional 36,303 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of LCI Industries by 30.2% in the 3rd quarter. Squarepoint Ops LLC now owns 21,428 shares of the company’s stock worth $1,968,000 after acquiring an additional 4,975 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of LCI Industries in the 3rd quarter worth approximately $432,000. Institutional investors own 96.79% of the company’s stock.

Shares of NYSE LCII traded down $0.13 during mid-day trading on Wednesday, hitting $107.71. The stock had a trading volume of 3,619 shares, compared to its average volume of 113,500. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 2.27. LCI Industries has a 1 year low of $69.16 and a 1 year high of $109.79. The business has a 50 day moving average price of $105.96 and a two-hundred day moving average price of $95.79. The firm has a market cap of $2.70 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.43.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, November 5th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. LCI Industries had a net margin of 5.88% and a return on equity of 18.73%. The company had revenue of $586.20 million for the quarter, compared to the consensus estimate of $578.87 million. During the same period in the previous year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts predict that LCI Industries will post 5.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, December 5th. LCI Industries’s payout ratio is 44.37%.

A number of equities research analysts have recently weighed in on LCII shares. ValuEngine lowered shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Wednesday, December 4th. Zacks Investment Research downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Sidoti downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $108.00 in a research note on Thursday, October 31st. Finally, Citigroup lifted their target price on shares of LCI Industries from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $105.75.

About LCI Industries

LCI Industries, together 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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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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