LCI Industries (NYSE:LCII) Shares Bought by Monarch Partners Asset Management LLC

Monarch Partners Asset Management LLC lifted its stake in LCI Industries (NYSE:LCII) by 88.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,855 shares of the company’s stock after acquiring an additional 35,130 shares during the period. Monarch Partners Asset Management LLC owned 0.30% of LCI Industries worth $6,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of LCI Industries by 1.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,515 shares of the company’s stock worth $766,000 after acquiring an additional 136 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of LCI Industries by 17.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock worth $85,000 after acquiring an additional 139 shares during the period. Versant Capital Management Inc lifted its stake in shares of LCI Industries by 41.9% in the 3rd quarter. Versant Capital Management Inc now owns 647 shares of the company’s stock worth $59,000 after acquiring an additional 191 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of LCI Industries by 2.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,967 shares of the company’s stock worth $897,000 after acquiring an additional 200 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of LCI Industries by 0.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 31,720 shares of the company’s stock worth $2,913,000 after acquiring an additional 255 shares during the period. 99.71% of the stock is owned by institutional investors.

LCII stock traded down $1.04 on Friday, hitting $105.66. 100,800 shares of the company’s stock traded hands, compared to its average volume of 190,028. LCI Industries has a 1-year low of $59.68 and a 1-year high of $107.43. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.12 and a beta of 1.40. The stock has a fifty day moving average of $94.53 and a 200-day moving average of $90.21. The company has a current ratio of 2.27, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, November 5th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. LCI Industries had a net margin of 5.88% and a return on equity of 18.73%. The business had revenue of $586.20 million during the quarter, compared to analyst estimates of $578.87 million. During the same period in the prior year, the business earned $1.33 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities research analysts anticipate that LCI Industries will post 5.7 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on LCII shares. Citigroup upped their price target on shares of LCI Industries from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research note on Friday. ValuEngine raised shares of LCI Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Sidoti lowered shares of LCI Industries from a “buy” rating to a “neutral” rating and cut their target price for the company from $110.00 to $108.00 in a research note on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $105.75.

In related news, Director David A. Reed sold 500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $95.02, for a total value of $47,510.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Reed sold 3,328 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $95.03, for a total transaction of $316,259.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,542 shares of company stock valued at $906,943. Company insiders own 3.30% of the company’s stock.

LCI Industries Profile

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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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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