SG Americas Securities LLC Raises Share Position in LCI Industries (NYSE:LCII)

SG Americas Securities LLC boosted its holdings in shares of LCI Industries (NYSE:LCII – Free Report) by 155.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,819 shares of the company’s stock after purchasing an additional 2,325 shares during the period. SG Americas Securities LLC’s holdings in LCI Industries were worth $395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in LCI Industries during the fourth quarter valued at about $33,784,000. International Assets Investment Management LLC bought a new position in shares of LCI Industries during the fourth quarter valued at $2,924,000. Pembroke Management LTD boosted its holdings in shares of LCI Industries by 50.8% in the first quarter. Pembroke Management LTD now owns 54,006 shares of the company’s stock valued at $6,646,000 after acquiring an additional 18,194 shares during the last quarter. Vanguard Group Inc. increased its position in shares of LCI Industries by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock worth $344,677,000 after buying an additional 15,670 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in LCI Industries by 2.7% in the 4th quarter. Victory Capital Management Inc. now owns 586,424 shares of the company’s stock worth $73,719,000 after purchasing an additional 15,212 shares in the last quarter. 99.71% of shares are held by hedge funds and other institutional investors.

Analysts on Wall Street are forecasting an increase

A number of research firms have weighed in on LCII. Benchmark restated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Roth Mkm upped their target price on shares of LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $109.00, based on data from MarketBeat.com.

Read our latest review of LCII

LCI Industries stock performance

Shares of LCII stock opened at $116.07 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.86, and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $107.59 and a 200-day moving average price of $111.10. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The firm has a market cap of $2.95 billion, a PE ratio of 31.54 and a beta of 1.42.

LCI Industries (NYSE:LCII – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The company’s revenue rose 3.9% year-over-year. In the same quarter last year, the firm posted EPS of $1.31. As a group, equities research analysts expect that LCI Industries will post 6.29 earnings per share for the current year.

LCI Industries announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $1.05 dividend. This represents a dividend of $4.20 on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, August 30. LCI Industries’ dividend payout ratio is 114.13%.

LCI Industries Company Profile

(Free Report)

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components to recreational vehicle (RV) manufacturers and related industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.

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