Olympiad Research LP Invests $304,000 in LCI Industries (NYSE:LCII)

Olympiad Research LP bought a new position in shares of LCI Industries (NYSE:LCII) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,944 shares of the company’s stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC grew its stake 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 buying an additional 143 shares during the last quarter. Tidal Investments LLC grew its stake in LCI Industries by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after buying an additional 223 shares during the last quarter. Blue Trust Inc. grew its stake in LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after buying an additional 234 shares during the last quarter. Stifel Financial Corp grew its stake in LCI Industries by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 82,563 shares of the company’s stock worth $9,952,000 after buying an additional 242 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in LCI Industries by 1.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 15,459 shares of the company’s stock worth $1,863,000 after buying an additional 258 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LCII shares. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. Finally, Truist Financial boosted their price target 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $121.50.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the company’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 owns 373,145 shares in the company, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

LCI Industries Stock Down 1.9 %

LCI Industries stock opened at $105.05 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The business’s 50-day simple moving average is $105.06 and its two-hundred day simple moving average is $112.78. The company has a market cap of $2.67 billion, a PE ratio of 18.76 and a beta of 1.44. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38.

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

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.38%. 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.