Dark Forest Capital Management LP Invests $772,000 in LCI Industries (NYSE:LCII)

Dark Forest Capital Management LP purchased a new position in shares of LCI Industries (NYSE:LCII) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,468 shares of the company’s stock, valued at approximately $772,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of LCI Industries in the fourth quarter valued at approximately $26,402,000. Royce & Associates LP raised its holdings in LCI Industries by 46.1% in the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock valued at $56,515,000 after acquiring an additional 172,586 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock valued at $127,904,000 after acquiring an additional 87,764 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of LCI Industries by 29.2% during the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock worth $36,975,000 after purchasing an additional 80,784 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of LCI Industries by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after purchasing an additional 56,794 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Up 2.6 %

NYSE:LCII opened at $79.93 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The firm’s 50 day simple moving average is $89.48 and its 200 day simple moving average is $103.78. The company has a market cap of $2.02 billion, a PE ratio of 14.27 and a beta of 1.36.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. On average, research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 annualized dividend and a dividend yield of 5.76%. LCI Industries’s payout ratio is 82.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird reiterated a “neutral” rating and issued a $100.00 price target (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. Baird R W cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Wednesday, February 12th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Finally, Truist Financial dropped their price objective on shares of LCI Industries from $108.00 to $80.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $111.60.

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.