Olympiad Research LP Purchases Shares of 2,944 LCI Industries (NYSE:LCII)

Olympiad Research LP purchased a new stake in shares of LCI Industries (NYSE:LCII) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,944 shares of the company’s stock, valued at approximately $304,000.

Several other institutional investors have also added to or reduced their stakes in LCII. Strategic Financial Concepts LLC purchased a new position in shares of LCI Industries in the 4th quarter worth approximately $28,000. Blue Trust Inc. boosted its holdings in shares of LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries in the 3rd quarter worth approximately $49,000. Aubrey Capital Management Ltd purchased a new position in shares of LCI Industries in the 3rd quarter worth approximately $208,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of LCI Industries in the 3rd quarter worth approximately $219,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII opened at $105.05 on Friday. The business has a fifty day moving average of $105.06 and a 200 day moving average of $112.78. LCI Industries has a 52-week low of $96.18 and a 52-week 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 stock has a market cap of $2.67 billion, a P/E ratio of 18.76 and a beta of 1.44.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts anticipate that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Analysts Set New Price Targets

LCII has been the subject of a number of recent research reports. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Wednesday, February 12th. Truist Financial lifted their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average price target of $121.50.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

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.