KAMES CAPITAL plc Increases Stake in LCI Industries (LCII)

KAMES CAPITAL plc increased its holdings in LCI Industries (NYSE:LCII) by 33.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 377,277 shares of the company’s stock after buying an additional 93,848 shares during the period. KAMES CAPITAL plc owned 1.51% of LCI Industries worth $48,989,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of LCI Industries by 1.9% during the second quarter. Vanguard Group Inc. now owns 2,118,153 shares of the company’s stock worth $216,899,000 after purchasing an additional 39,620 shares during the period. Royal Bank of Canada lifted its holdings in shares of LCI Industries by 65.4% during the second quarter. Royal Bank of Canada now owns 826,484 shares of the company’s stock valued at $84,633,000 after purchasing an additional 326,926 shares during the last quarter. Boston Partners lifted its holdings in shares of LCI Industries by 2.4% during the third quarter. Boston Partners now owns 746,784 shares of the company’s stock valued at $86,515,000 after purchasing an additional 17,625 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of LCI Industries by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 671,293 shares of the company’s stock valued at $77,768,000 after purchasing an additional 21,314 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of LCI Industries by 2.2% during the second quarter. State Street Corp now owns 594,465 shares of the company’s stock valued at $60,871,000 after purchasing an additional 12,737 shares during the last quarter. Institutional investors own 97.69% of the company’s stock.

LCI Industries (NYSE:LCII) traded down $1.95 on Friday, hitting $126.05. 96,300 shares of the company were exchanged, compared to its average volume of 110,958. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19. LCI Industries has a 52 week low of $86.25 and a 52 week high of $132.73. The stock has a market cap of $3,192.37, a PE ratio of 22.47 and a beta of 1.28.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 2nd. The company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.13). LCI Industries had a net margin of 7.07% and a return on equity of 23.60%. equities research analysts anticipate that LCI Industries will post 5.66 EPS for the current year.

Several equities research analysts recently weighed in on LCII shares. Zacks Investment Research downgraded shares of LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. BidaskClub raised shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 target price on shares of LCI Industries in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. LCI Industries has a consensus rating of “Hold” and an average target price of $119.00.

In other news, President Scott T. Mereness purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $114.00 per share, for a total transaction of $171,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jamie Schnur sold 3,800 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $128.29, for a total transaction of $487,502.00. Following the transaction, the insider now owns 3,829 shares in the company, valued at $491,222.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,487 shares of company stock worth $1,464,242. Corporate insiders own 3.60% of the company’s stock.

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LCI Industries Profile

LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.

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

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