De Lisle Partners LLP Has $2.98 Million Stock Position in LCI Industries (NYSE:LCII)

De Lisle Partners LLP lifted its stake in shares of LCI Industries (NYSE:LCII) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,652 shares of the company’s stock after buying an additional 2,444 shares during the period. De Lisle Partners LLP owned about 0.10% of LCI Industries worth $2,975,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LCII. Blue Trust Inc. increased its holdings in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares in the last quarter. LRI Investments LLC acquired a new position in shares of LCI Industries in the first quarter valued at approximately $46,000. GAMMA Investing LLC raised its holdings in LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after buying an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after buying an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in LCI Industries during the 2nd quarter worth approximately $93,000. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $122.53 on Thursday. The business has a 50-day moving average price of $117.63 and a two-hundred day moving average price of $112.43. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a market cap of $3.12 billion, a P/E ratio of 23.84 and a beta of 1.41.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. As a group, analysts anticipate that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 3.75%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is currently 81.71%.

Insider Activity at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LCII has been the subject of several analyst reports. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial raised their target price on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Raymond James initiated coverage on LCI Industries in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Benchmark restated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average target price of $112.20.

LCI Industries 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.