AlphaQuest LLC Buys 1,278 Shares of LCI Industries (NYSE:LCII)

AlphaQuest LLC lifted its position in LCI Industries (NYSE:LCII) by 58.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,447 shares of the company’s stock after purchasing an additional 1,278 shares during the quarter. AlphaQuest LLC’s holdings in LCI Industries were worth $356,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in LCI Industries by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after buying an additional 29,192 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after purchasing an additional 11,286 shares in the last quarter. CIBC Asset Management Inc bought a new stake in LCI Industries in the fourth quarter worth $266,000. Congress Asset Management Co. raised its stake in LCI Industries by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after purchasing an additional 5,303 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in LCI Industries during the fourth quarter valued at $2,394,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LCII shares. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $121.50.

LCI Industries Price Performance

LCII stock opened at $89.66 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 16.01 and a beta of 1.45. LCI Industries has a 12 month low of $86.56 and a 12 month high of $129.38. The company has a 50-day moving average price of $103.19 and a 200 day moving average price of $111.16. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Equities research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $1.15 dividend. The ex-dividend date is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 5.13%. LCI Industries’s payout ratio is 82.14%.

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.