Versor Investments LP Has $818,000 Holdings in LCI Industries (NYSE:LCII)

Versor Investments LP raised its holdings in LCI Industries (NYSE:LCII) by 139.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,909 shares of the company’s stock after acquiring an additional 4,604 shares during the quarter. Versor Investments LP’s holdings in LCI Industries were worth $818,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in LCI Industries by 29.2% in the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock valued at $36,975,000 after buying an additional 80,784 shares during the period. Edge Capital Group LLC acquired a new position in shares of LCI Industries during the fourth quarter worth approximately $1,216,000. Olympiad Research LP acquired a new position in shares of LCI Industries during the fourth quarter worth approximately $304,000. CIBC Asset Management Inc acquired a new position in shares of LCI Industries during the fourth quarter worth approximately $266,000. Finally, Principal Financial Group Inc. raised its position in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after purchasing an additional 11,286 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $121.50.

LCI Industries Trading Up 1.1 %

NYSE LCII opened at $103.74 on Friday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. LCI Industries has a twelve month low of $96.18 and a twelve month high of $129.38. The firm has a market capitalization of $2.64 billion, a PE ratio of 18.53 and a beta of 1.44. The stock’s 50 day moving average is $104.81 and its 200 day moving average is $112.58.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date is Friday, March 7th. LCI Industries’s payout ratio is currently 82.14%.

About LCI Industries

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.