LCI Industries (LCII) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. grew its stake in LCI Industries (NYSE:LCII) by 46.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,042 shares of the company’s stock after purchasing an additional 12,069 shares during the quarter. Natixis Advisors L.P. owned approximately 0.15% of LCI Industries worth $3,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new position in LCI Industries during the first quarter worth about $1,023,000. Oppenheimer Asset Management Inc. increased its position in LCI Industries by 158.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 12,332 shares of the company’s stock worth $1,285,000 after acquiring an additional 7,553 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in LCI Industries during the first quarter worth about $227,000. BlackRock Inc. increased its position in LCI Industries by 2.5% during the first quarter. BlackRock Inc. now owns 3,131,865 shares of the company’s stock worth $326,183,000 after acquiring an additional 77,672 shares during the period. Finally, Northern Trust Corp increased its position in LCI Industries by 0.3% during the first quarter. Northern Trust Corp now owns 342,723 shares of the company’s stock worth $35,695,000 after acquiring an additional 1,135 shares during the period. 95.36% of the stock is currently owned by institutional investors.

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LCI Industries opened at $83.45 on Friday, MarketBeat reports. LCI Industries has a 52 week low of $81.72 and a 52 week high of $132.73. The stock has a market cap of $2.31 billion, a P/E ratio of 14.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 2.63.

LCI Industries (NYSE:LCII) last released its earnings results on Friday, May 4th. The company reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). LCI Industries had a net margin of 5.96% and a return on equity of 23.14%. The firm had revenue of $650.00 million during the quarter, compared to the consensus estimate of $655.29 million. During the same period in the prior year, the business earned $1.71 earnings per share. LCI Industries’s quarterly revenue was up 30.5% compared to the same quarter last year. equities research analysts anticipate that LCI Industries will post 7.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, June 4th will be issued a $0.60 dividend. This is a positive change from LCI Industries’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a yield of 2.88%. The ex-dividend date is Friday, June 1st. LCI Industries’s dividend payout ratio (DPR) is currently 38.19%.

In other LCI Industries news, insider Nick C. Fletcher sold 2,234 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $110.00, for a total value of $245,740.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Virginia Henkels bought 2,000 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was purchased at an average cost of $88.55 per share, for a total transaction of $177,100.00. Following the completion of the acquisition, the director now owns 3,156 shares in the company, valued at $279,463.80. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 22,000 shares of company stock worth $2,091,400. Insiders own 3.60% of the company’s stock.

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 9th. Robert W. Baird lowered their price target on shares of LCI Industries to $135.00 and set an “outperform” rating on the stock in a research report on Monday, May 7th. Finally, Northcoast Research raised shares of LCI Industries from a “sell” rating to a “neutral” rating and set a $94.00 price target on the stock in a research report on Wednesday, May 2nd.

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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