Tidal Investments LLC Increases Stock Holdings in LCI Industries (NYSE:LCII)

Tidal Investments LLC lifted its stake in shares of LCI Industries (NYSE:LCII) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,402 shares of the company’s stock after buying an additional 223 shares during the quarter. Tidal Investments LLC’s holdings in LCI Industries were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LCII. Blue Trust Inc. boosted its holdings in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of LCI Industries in the third quarter valued at approximately $49,000. GAMMA Investing LLC grew its holdings in LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of LCI Industries during the 2nd quarter worth $93,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LCII shares. Truist Financial increased their price target on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. Raymond James assumed coverage on LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $112.20.

Insider Buying and Selling

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.

LCI Industries Price Performance

LCII stock opened at $105.13 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The stock’s 50 day moving average price is $116.73 and its 200 day moving average price is $113.12. The firm has a market cap of $2.68 billion, a P/E ratio of 20.45 and a beta of 1.41. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. During the same quarter in the previous year, the company posted $1.02 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, sell-side analysts expect that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $1.15 per share. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.38%. LCI Industries’s dividend payout ratio is presently 89.49%.

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.