CENTRAL TRUST Co increased its position in LCI Industries (NYSE:LCII) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,080 shares of the company’s stock after buying an additional 1,080 shares during the quarter. CENTRAL TRUST Co’s holdings in LCI Industries were worth $406,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new stake in shares of LCI Industries in the second quarter valued at $119,000. First Hawaiian Bank acquired a new stake in shares of LCI Industries in the third quarter valued at $214,000. Janus Henderson Group PLC acquired a new stake in shares of LCI Industries in the third quarter valued at $258,000. Paloma Partners Management Co acquired a new stake in shares of LCI Industries in the second quarter valued at $284,000. Finally, Jefferies Group LLC acquired a new stake in shares of LCI Industries in the third quarter valued at $302,000. Institutional investors and hedge funds own 97.31% of the company’s stock.
LCII has been the subject of several research analyst reports. Sidoti cut their price objective on LCI Industries from $136.00 to $119.00 and set a “buy” rating for the company in a report on Friday, September 28th. Citigroup cut their price objective on LCI Industries from $111.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. LCI Industries presently has an average rating of “Hold” and a consensus price target of $109.40.
LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, November 1st. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.05). LCI Industries had a net margin of 5.87% and a return on equity of 22.88%. The company had revenue of $604.24 million for the quarter, compared to analysts’ expectations of $601.93 million. During the same period in the prior year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts anticipate that LCI Industries will post 6.08 earnings per share for the current fiscal year.
In related news, Director James Gero bought 15,000 shares of LCI Industries stock in a transaction dated Monday, December 17th. The stock was acquired at an average cost of $63.24 per share, with a total value of $948,600.00. Following the completion of the acquisition, the director now directly owns 278,473 shares in the company, valued at approximately $17,610,632.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company’s stock.
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About LCI Industries
LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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