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 company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LCI Industries Stock Down 0.5 %

LCII stock opened at $122.53 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36. The firm has a market capitalization of $3.12 billion, a PE ratio of 23.84 and a beta of 1.41. The company’s 50 day simple moving average is $117.63 and its 200-day simple moving average is $112.43.

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

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $1.15 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 3.75%. LCI Industries’s payout ratio is presently 81.71%.

Analyst Ratings Changes

A number of analysts recently commented on LCII shares. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Truist Financial boosted their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a report on Wednesday, August 7th. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $112.20.

Hedge Funds Weigh In On LCI Industries

A number of institutional investors have recently modified their holdings of LCII. CANADA LIFE ASSURANCE Co grew its stake in LCI Industries by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 22,850 shares of the company’s stock worth $2,806,000 after acquiring an additional 709 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of LCI Industries in the first quarter valued at $204,000. Tidal Investments LLC increased its stake in LCI Industries by 11.5% in the first quarter. Tidal Investments LLC now owns 3,929 shares of the company’s stock valued at $484,000 after purchasing an additional 405 shares during the last quarter. Comerica Bank lifted its position in LCI Industries by 24.1% during the first quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after buying an additional 6,174 shares during the period. Finally, LRI Investments LLC acquired a new stake in LCI Industries in the 1st quarter worth about $46,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.