Yorktown Management & Research Co Inc Buys 6,500 Shares of LCI Industries (NYSE:LCII)

Share on StockTwits

Yorktown Management & Research Co Inc grew its stake in shares of LCI Industries (NYSE:LCII) by 105.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,680 shares of the company’s stock after acquiring an additional 6,500 shares during the period. Yorktown Management & Research Co Inc owned about 0.05% of LCI Industries worth $1,141,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LCII. Icon Wealth Partners LLC bought a new position in shares of LCI Industries during the 1st quarter valued at approximately $31,000. Versant Capital Management Inc bought a new position in LCI Industries in the 1st quarter worth approximately $45,000. Strs Ohio bought a new position in LCI Industries in the 2nd quarter worth approximately $45,000. Cullen Frost Bankers Inc. bought a new position in LCI Industries in the 1st quarter worth approximately $61,000. Finally, Exane Derivatives boosted its holdings in LCI Industries by 93.4% in the 1st quarter. Exane Derivatives now owns 1,079 shares of the company’s stock worth $83,000 after buying an additional 521 shares during the period. 97.31% of the stock is owned by hedge funds and other institutional investors.

LCII has been the subject of several analyst reports. CL King downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating in a report on Wednesday, May 8th. Northcoast Research initiated coverage on shares of LCI Industries in a report on Friday, June 14th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $98.75.

LCII traded up $2.90 on Friday, hitting $85.72. The company’s stock had a trading volume of 288,500 shares, compared to its average volume of 217,856. The company’s 50 day simple moving average is $89.80 and its 200-day simple moving average is $86.18. The firm has a market cap of $2.07 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.36. LCI Industries has a 12 month low of $59.68 and a 12 month high of $99.05. The company has a quick ratio of 1.08, a current ratio of 2.44 and a debt-to-equity ratio of 0.39.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.17. The company had revenue of $629.10 million during the quarter, compared to the consensus estimate of $643.70 million. LCI Industries had a net margin of 5.75% and a return on equity of 18.72%. LCI Industries’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the firm earned $1.86 EPS. Equities analysts predict that LCI Industries will post 5.72 earnings per share for the current fiscal year.

LCI Industries Profile

LCI Industries, together 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.

See Also: Example of operating income, EBIT and EBITDA

Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.