Semanteon Capital Management LP Makes New Investment in LCI Industries (NYSE:LCII)

Semanteon Capital Management LP bought a new position in shares of LCI Industries (NYSE:LCII) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,728 shares of the company’s stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in shares of LCI Industries during the third quarter worth $1,202,000. American Century Companies Inc. grew its stake in shares of LCI Industries by 20.3% during the third quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock worth $35,068,000 after purchasing an additional 50,470 shares in the last quarter. Deutsche Bank AG grew its stake in shares of LCI Industries by 9.1% during the third quarter. Deutsche Bank AG now owns 12,688 shares of the company’s stock worth $1,490,000 after purchasing an additional 1,062 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of LCI Industries during the fourth quarter worth $2,924,000. Finally, Nisa Investment Advisors LLC boosted its stake in LCI Industries by 11.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock valued at $2,451,000 after acquiring an additional 1,953 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on LCII. Robert W. Baird decreased their price objective on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. BMO Capital Markets downgraded shares of LCI Industries from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $105.00 to $100.00 in a research note on Monday, January 22nd. Truist Financial restated a “hold” rating and issued a $110.00 price objective (down previously from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Finally, Roth Mkm decreased their price objective on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.20.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $107.29 on Friday. The company has a 50-day simple moving average of $115.62 and a 200-day simple moving average of $115.90. LCI Industries has a one year low of $102.39 and a one year high of $137.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 42.41 and a beta of 1.40.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The business had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. During the same period in the previous year, the company posted ($0.68) earnings per share. LCI Industries’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts predict that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 annualized dividend and a yield of 3.91%. LCI Industries’s payout ratio is currently 166.01%.

About LCI Industries

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.