Everpar Advisors LLC Makes New Investment in LCI Industries (NYSE:LCII)

Everpar Advisors LLC bought a new position in LCI Industries (NYSE:LCII) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,044 shares of the company’s stock, valued at approximately $257,000.

Several other large investors have also bought and sold shares of LCII. GAMMA Investing LLC bought a new stake in LCI Industries during the fourth quarter valued at approximately $81,000. B. Riley Wealth Advisors Inc. bought a new stake in LCI Industries during the third quarter valued at approximately $204,000. Envestnet Portfolio Solutions Inc. bought a new stake in LCI Industries during the third quarter valued at approximately $253,000. Advisor OS LLC lifted its holdings in LCI Industries by 5.1% during the third quarter. Advisor OS LLC now owns 2,167 shares of the company’s stock valued at $255,000 after purchasing an additional 105 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of LCI Industries in the third quarter worth approximately $288,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LCII has been the topic of several recent analyst reports. Robert W. Baird decreased their price objective on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. BMO Capital Markets downgraded LCI Industries from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Roth Mkm cut their target price on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, Truist Financial reissued a “hold” rating and issued a $110.00 price target (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.20.

LCI Industries Price Performance

LCII stock opened at $111.20 on Thursday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 43.95 and a beta of 1.41. The company has a fifty day simple moving average of $113.02 and a two-hundred day simple moving average of $115.48. LCI Industries has a 52 week low of $102.39 and a 52 week high of $137.07. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII) last released its earnings results on Wednesday, May 8th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.90. The firm had revenue of $968.00 million for the quarter, compared to analysts’ expectations of $963.02 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Analysts anticipate that LCI Industries will post 5.71 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.78%. LCI Industries’s dividend payout ratio is 166.01%.

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.