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

LCI Industries (NYSE:LCII) CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value 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. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

LCI Industries Stock Down 0.6 %

Shares of LCII stock opened at $122.50 on Friday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $131.36. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $117.61 and a 200-day moving average of $112.50. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 23.83 and a beta of 1.41.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same quarter in the previous year, the business earned $1.02 earnings per share. The business’s revenue was down 4.6% compared to the same quarter last year. As a group, equities research analysts predict that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $1.15 dividend. The ex-dividend date is Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.76%. LCI Industries’s dividend payout ratio is presently 89.49%.

Institutional Trading of LCI Industries

A number of hedge funds have recently modified their holdings of LCII. CANADA LIFE ASSURANCE Co raised its holdings in LCI Industries by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 22,850 shares of the company’s stock valued at $2,806,000 after acquiring an additional 709 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of LCI Industries during the first quarter worth approximately $204,000. Tidal Investments LLC lifted its holdings in LCI Industries by 11.5% during the 1st quarter. Tidal Investments LLC now owns 3,929 shares of the company’s stock worth $484,000 after purchasing an additional 405 shares during the last quarter. Comerica Bank lifted its holdings in LCI Industries by 24.1% during 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 last quarter. Finally, LRI Investments LLC bought a new stake in LCI Industries in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

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

LCI Industries Company 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.