Bayforest Capital Ltd Sells 8,255 Shares of LCI Industries $LCII

Bayforest Capital Ltd cut its holdings in LCI Industries (NYSE:LCII) by 90.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 894 shares of the company’s stock after selling 8,255 shares during the quarter. Bayforest Capital Ltd’s holdings in LCI Industries were worth $83,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in shares of LCI Industries during the 1st quarter valued at approximately $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in LCI Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock valued at $1,290,000 after buying an additional 643 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of LCI Industries during the first quarter worth $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of LCI Industries by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock worth $6,702,000 after buying an additional 7,515 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of LCI Industries in the 2nd quarter valued at $235,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Roth Capital upped their target price on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Loop Capital assumed coverage on LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 price objective for the company. Robert W. Baird lifted their target price on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Zacks Research lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, LCI Industries has an average rating of “Hold” and a consensus target price of $113.67.

LCI Industries Stock Performance

Shares of LCII stock opened at $132.67 on Thursday. The stock has a market capitalization of $3.21 billion, a PE ratio of 18.56 and a beta of 1.31. The business’s 50 day simple moving average is $118.36 and its 200 day simple moving average is $104.97. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.78 and a quick ratio of 1.28. LCI Industries has a one year low of $72.31 and a one year high of $133.95.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.53. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $963.96 million. During the same quarter in the previous year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, research analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.5%. LCI Industries’s dividend payout ratio (DPR) is 64.34%.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.