LCI Industries (NYSE:LCII) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its position in shares of LCI Industries (NYSE:LCII) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,402 shares of the company’s stock after buying an additional 223 shares during the period. Tidal Investments LLC’s holdings in LCI Industries were worth $1,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its position in LCI Industries by 4.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after buying an additional 90 shares during the period. nVerses Capital LLC raised its stake in shares of LCI Industries by 7.7% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after acquiring an additional 100 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in LCI Industries by 2.6% in the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after purchasing an additional 105 shares during the period. Arizona State Retirement System grew its stake in LCI Industries by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock worth $733,000 after purchasing an additional 130 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in LCI Industries by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock worth $611,000 after purchasing an additional 143 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now owns 373,145 shares in the company, valued at $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $105.13 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The firm’s 50 day moving average is $116.73 and its two-hundred day moving average is $113.12. The firm has a market capitalization of $2.68 billion, a P/E ratio of 20.45 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $922.85 million. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was down 4.6% on a year-over-year basis. Research analysts forecast that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Truist Financial boosted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Raymond James began coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. One equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $112.20.

LCI Industries 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.