Quadrature Capital Ltd Purchases 5,500 Shares of LCI Industries (NYSE:LCII)

Quadrature Capital Ltd increased its position in LCI Industries (NYSE:LCII) by 76.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,672 shares of the company’s stock after purchasing an additional 5,500 shares during the quarter. Quadrature Capital Ltd’s holdings in LCI Industries were worth $1,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Keeley Teton Advisors LLC raised its holdings in shares of LCI Industries by 12.8% in the 1st quarter. Keeley Teton Advisors LLC now owns 11,453 shares of the company’s stock valued at $1,409,000 after purchasing an additional 1,299 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in LCI Industries by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 22,850 shares of the company’s stock valued at $2,806,000 after buying an additional 709 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in LCI Industries in the 1st quarter valued at about $732,000. Seven Eight Capital LP acquired a new position in LCI Industries in the 1st quarter valued at about $506,000. Finally, Edgestream Partners L.P. acquired a new position in LCI Industries in the 1st quarter valued at about $457,000. 99.71% of the stock is owned by institutional investors.

LCI Industries Stock Performance

Shares of NYSE:LCII traded up $3.13 on Friday, reaching $116.05. 268,913 shares of the company’s stock were exchanged, compared to its average volume of 299,620. The company has a fifty day moving average of $105.62 and a 200-day moving average of $111.65. LCI Industries has a twelve month low of $96.18 and a twelve month high of $137.07. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 31.54 and a beta of 1.42. The company has a current ratio of 2.86, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.90. The business had revenue of $968.00 million for the quarter, compared to analyst estimates of $963.02 million. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. On average, research analysts predict that LCI Industries will post 6.29 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $4.20 annualized dividend and a dividend yield of 3.62%. LCI Industries’s dividend payout ratio is 114.13%.

Wall Street Analyst Weigh In

LCII has been the topic of a number of research reports. Benchmark initiated coverage on shares of LCI Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $130.00 price target on the stock. Roth Mkm upped their price target on shares of LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.00.

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.