Trexquant Investment LP Decreases Stock Holdings in LCI Industries (NYSE:LCII)

Trexquant Investment LP reduced its position in shares of LCI Industries (NYSE:LCII) by 39.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 51,078 shares of the company’s stock after selling 32,607 shares during the period. Trexquant Investment LP’s holdings in LCI Industries were worth $5,281,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after buying an additional 56,794 shares during the period. Principal Financial Group Inc. lifted its stake in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after acquiring an additional 11,286 shares during the period. Victory Capital Management Inc. boosted its holdings in LCI Industries by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock valued at $65,784,000 after acquiring an additional 15,057 shares in the last quarter. Geode Capital Management LLC raised its holdings in LCI Industries by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after purchasing an additional 1,688 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of LCI Industries by 46.1% in the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after purchasing an additional 172,586 shares during the period. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LCII. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Wednesday, February 12th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Truist Financial raised their target price on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $100.00 price target (down from $130.00) on shares of LCI Industries in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $117.20.

LCI Industries Stock Performance

LCI Industries stock opened at $81.78 on Friday. LCI Industries has a twelve month low of $75.72 and a twelve month high of $129.38. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.08 billion, a P/E ratio of 14.60 and a beta of 1.45. The stock’s 50 day moving average is $98.29 and its 200 day moving average is $108.32.

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

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.62%. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

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.