Neuberger Berman Group LLC raised its stake in LCI Industries (NYSE:LCII) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,388,311 shares of the company’s stock after purchasing an additional 11,867 shares during the quarter. Neuberger Berman Group LLC owned about 0.06% of LCI Industries worth $159,472,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its position in LCI Industries by 310.7% in the first quarter. Rockefeller Capital Management L.P. now owns 497 shares of the company’s stock valued at $33,000 after purchasing an additional 376 shares during the period. Permanens Capital L.P. increased its position in shares of LCI Industries by 72.7% during the first quarter. Permanens Capital L.P. now owns 950 shares of the company’s stock worth $63,000 after acquiring an additional 400 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of LCI Industries by 23.0% during the first quarter. Mutual of America Capital Management LLC now owns 1,107 shares of the company’s stock worth $74,000 after acquiring an additional 207 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of LCI Industries during the second quarter worth about $79,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of LCI Industries by 37.5% during the second quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the company’s stock worth $126,000 after acquiring an additional 300 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.
NYSE:LCII traded down $0.81 during mid-day trading on Wednesday, reaching $105.53. The stock had a trading volume of 5,107 shares, compared to its average volume of 137,531. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.32 and a beta of 1.63. LCI Industries has a 1-year low of $55.29 and a 1-year high of $131.71. The stock’s 50 day simple moving average is $120.26 and its two-hundred day simple moving average is $99.72. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.25 and a quick ratio of 1.19.
LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.40. LCI Industries had a return on equity of 13.89% and a net margin of 4.54%. The business had revenue of $525.80 million during the quarter, compared to the consensus estimate of $523.45 million. During the same period last year, the firm earned $1.89 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. Sell-side analysts anticipate that LCI Industries will post 5.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.75 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $0.65. This represents a $3.00 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, September 3rd. LCI Industries’s payout ratio is presently 51.37%.
A number of analysts have recently issued reports on LCII shares. Citigroup lifted their target price on LCI Industries from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. CJS Securities lowered LCI Industries to a “hold” rating in a research report on Tuesday, June 16th. CL King lifted their target price on LCI Industries from $121.00 to $134.00 in a research report on Wednesday, July 15th. Finally, TheStreet raised LCI Industries from a “c” rating to a “b-” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $112.50.
In other LCI Industries news, EVP Nick C. Fletcher sold 1,818 shares of LCI Industries stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $127.66, for a total value of $232,085.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.
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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