LCI Industries $LCII Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP decreased its position in LCI Industries (NYSE:LCII) by 39.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 257,848 shares of the company’s stock after selling 166,526 shares during the period. LCI Industries accounts for 0.6% of ARGA Investment Management LP’s holdings, making the stock its 29th largest position. ARGA Investment Management LP’s holdings in LCI Industries were worth $24,019,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in LCI Industries during the second quarter worth $26,000. Signaturefd LLC lifted its stake in shares of LCI Industries by 591.5% in the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after purchasing an additional 278 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of LCI Industries during the 3rd quarter worth about $56,000. Hilltop National Bank purchased a new stake in LCI Industries in the 2nd quarter valued at about $66,000. Finally, GAMMA Investing LLC lifted its stake in LCI Industries by 129.0% during the second quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock worth $69,000 after purchasing an additional 427 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LCII has been the topic of several analyst reports. Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday. Roth Mkm lifted their price objective on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a research report on Monday, November 3rd. Robert W. Baird lifted their price target on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Zacks Research downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $128.50.

LCI Industries Stock Down 1.9%

LCII opened at $147.06 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78. The company has a market cap of $3.56 billion, a PE ratio of 20.57 and a beta of 1.31. The firm has a 50 day moving average price of $123.09 and a 200 day moving average price of $107.15. LCI Industries has a 1 year low of $72.31 and a 1 year high of $151.85.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.53. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $963.96 million. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Sell-side analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, November 28th. LCI Industries’s dividend payout ratio is presently 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.