Argent Capital Management LLC Boosts Holdings in LCI Industries (NYSE:LCII)

Argent Capital Management LLC raised its stake in shares of LCI Industries (NYSE:LCII) by 38.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,092 shares of the company’s stock after acquiring an additional 863 shares during the period. Argent Capital Management LLC’s holdings in LCI Industries were worth $320,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Blue Trust Inc. boosted its holdings in LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of LCI Industries during the 3rd quarter worth about $49,000. GAMMA Investing LLC grew its position in shares of LCI Industries by 98.2% during the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of LCI Industries by 99.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after purchasing an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in LCI Industries during the second quarter worth approximately $93,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Up 1.8 %

Shares of LCII stock opened at $107.76 on Friday. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The stock’s fifty day moving average is $111.37 and its two-hundred day moving average is $113.14. The firm has a market capitalization of $2.74 billion, a P/E ratio of 20.97 and a beta of 1.44.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same period last year, the firm posted $1.02 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Research analysts expect that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $1.15 dividend. The ex-dividend date was Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.27%. LCI Industries’s dividend payout ratio is 89.49%.

Analyst Ratings Changes

LCII has been the subject of a number of recent analyst reports. Raymond James initiated coverage on LCI Industries in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Truist Financial reduced their price objective on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Sunday, January 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.00.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

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.