Jane Street Group LLC Reduces Position in LCI Industries (NYSE:LCII)

Jane Street Group LLC decreased its position in LCI Industries (NYSE:LCII) by 52.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,270 shares of the company’s stock after selling 34,250 shares during the period. Jane Street Group LLC owned approximately 0.12% of LCI Industries worth $3,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LCII. Argent Capital Management LLC lifted its stake in LCI Industries by 38.7% during the 4th quarter. Argent Capital Management LLC now owns 3,092 shares of the company’s stock valued at $320,000 after acquiring an additional 863 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of LCI Industries by 10.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,142 shares of the company’s stock worth $1,669,000 after purchasing an additional 1,561 shares during the last quarter. Blue Trust Inc. lifted its position in LCI Industries by 60.2% during the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after purchasing an additional 234 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in LCI Industries by 1.7% in the fourth quarter. Conestoga Capital Advisors LLC now owns 165,716 shares of the company’s stock valued at $17,133,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in LCI Industries during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird dropped their target price on LCI Industries from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Baird R W lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. CJS Securities raised 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 report on Wednesday, February 12th. Truist Financial cut their price objective on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, LCI Industries currently has an average rating of “Hold” and an average target price of $112.50.

LCI Industries Trading Up 0.9%

Shares of LCI Industries stock opened at $90.54 on Wednesday. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The stock has a market cap of $2.29 billion, a P/E ratio of 16.17 and a beta of 1.26. The stock’s 50 day simple moving average is $83.97 and its 200-day simple moving average is $100.56.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.64. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 EPS. Analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $1.15 per share. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.08%. LCI Industries’s dividend payout ratio is currently 75.41%.

LCI Industries Company 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.