Landscape Capital Management L.L.C. Buys Shares of 2,611 LCI Industries (NYSE:LCII)

Landscape Capital Management L.L.C. purchased a new position 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 2,611 shares of the company’s stock, valued at approximately $270,000.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after buying an additional 247 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries during the 3rd quarter worth $49,000. Headlands Technologies LLC purchased a new stake in LCI Industries in the 4th quarter worth about $59,000. Blue Trust Inc. raised its stake in LCI Industries by 60.2% in the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock valued at $64,000 after acquiring an additional 234 shares during the period. Finally, MML Investors Services LLC purchased a new stake in LCI Industries during the third quarter valued at about $260,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

NYSE LCII opened at $79.91 on Tuesday. The company’s 50 day simple moving average is $97.71 and its two-hundred day simple moving average is $107.84. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 1 year low of $75.72 and a 1 year high of $129.38. The stock has a market capitalization of $2.02 billion, a PE ratio of 14.27 and a beta of 1.36.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. Analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm 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 of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.76%. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Monday, March 31st. Truist Financial increased their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report 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 report on Friday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.20.

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.