Truvestments Capital LLC Sells 309 Shares of LCI Industries (NYSE:LCII)

Truvestments Capital LLC lessened its holdings in shares of LCI Industries (NYSE:LCII) by 48.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325 shares of the company’s stock after selling 309 shares during the quarter. Truvestments Capital LLC’s holdings in LCI Industries were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in LCI Industries in the fourth quarter worth $33,784,000. International Assets Investment Management LLC bought a new position in shares of LCI Industries during the fourth quarter valued at $2,924,000. Pembroke Management LTD boosted its position in shares of LCI Industries by 50.8% during the first quarter. Pembroke Management LTD now owns 54,006 shares of the company’s stock valued at $6,646,000 after buying an additional 18,194 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after buying an additional 15,670 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of LCI Industries by 2.7% during the fourth quarter. Victory Capital Management Inc. now owns 586,424 shares of the company’s stock valued at $73,719,000 after buying an additional 15,212 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of NYSE LCII traded up $3.13 during trading on Friday, hitting $116.05. The company had a trading volume of 268,913 shares, compared to its average volume of 299,620. The stock has a 50 day simple moving average of $105.62 and a 200 day simple moving average of $111.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 2.86. LCI Industries has a 12 month low of $96.18 and a 12 month high of $137.07. The firm has a market capitalization of $2.95 billion, a P/E ratio of 31.54 and a beta of 1.42.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.54 by $0.90. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. The firm had revenue of $968.00 million for the quarter, compared to the consensus estimate of $963.02 million. During the same quarter last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts anticipate that LCI Industries will post 6.29 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, May 31st. LCI Industries’s dividend payout ratio (DPR) is currently 114.13%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LCII. Benchmark began coverage on LCI Industries in a research report on Thursday, July 18th. They issued a “buy” rating and a $130.00 target price on the stock. Roth Mkm raised their target price on LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, LCI Industries currently has a consensus rating of “Hold” and a consensus price target of $109.00.

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.