American Century Companies Inc. Purchases 97,877 Shares of LCI Industries (NYSE:LCII)

American Century Companies Inc. grew its position in LCI Industries (NYSE:LCII) by 30.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 418,588 shares of the company’s stock after buying an additional 97,877 shares during the period. American Century Companies Inc. owned approximately 1.64% of LCI Industries worth $43,274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC bought a new position in LCI Industries during the fourth quarter valued at approximately $820,000. QRG Capital Management Inc. lifted its holdings in shares of LCI Industries by 4.6% during the 4th quarter. QRG Capital Management Inc. now owns 2,567 shares of the company’s stock valued at $323,000 after buying an additional 113 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of LCI Industries by 10.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,372 shares of the company’s stock worth $298,000 after acquiring an additional 215 shares during the period. Janney Montgomery Scott LLC increased its position in LCI Industries by 0.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock valued at $1,784,000 after acquiring an additional 111 shares during the last quarter. Finally, Norges Bank bought a new position in LCI Industries in the fourth quarter valued at about $33,784,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Up 0.5 %

Shares of LCII stock opened at $118.23 on Tuesday. The stock has a fifty day simple moving average of $112.90 and a two-hundred day simple moving average of $110.63. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The firm has a market capitalization of $3.01 billion, a PE ratio of 32.13 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.16 by $0.24. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 earnings per share. On average, analysts predict that LCI Industries will post 6 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s dividend payout ratio (DPR) is presently 114.13%.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $109.00.

LCI Industries 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.