LCI Industries (NYSE:LCII) CEO Jason Lippert Sells 10,000 Shares

LCI Industries (NYSE:LCII) CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

LCI Industries Stock Performance

Shares of NYSE:LCII traded down $0.68 during midday trading on Wednesday, reaching $122.50. The company had a trading volume of 124,946 shares, compared to its average volume of 227,656. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average price is $117.58 and its 200 day moving average price is $112.36. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The stock has a market cap of $3.12 billion, a P/E ratio of 23.97 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same period last year, the business earned $1.02 earnings per share. LCI Industries’s revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 3.76%. LCI Industries’s dividend payout ratio is currently 81.71%.

Hedge Funds Weigh In On LCI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank grew its position in LCI Industries by 24.1% in the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after purchasing an additional 6,174 shares during the period. Intech Investment Management LLC purchased a new stake in LCI Industries in the 2nd quarter worth $438,000. Cornercap Investment Counsel Inc. bought a new position in LCI Industries during the second quarter valued at approximately $529,000. International Assets Investment Management LLC grew its holdings in shares of LCI Industries by 5,533.7% in the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock valued at $1,250,000 after purchasing an additional 10,182 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LCII. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Benchmark restated a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Truist Financial boosted their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Raymond James started coverage on shares of LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $112.20.

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.