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

LCI Industries (NYSE:LCII) CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

LCI Industries Stock Performance

NYSE LCII opened at $120.81 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $117.60 and its 200-day simple moving average is $112.54. The company has a market cap of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36.

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

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.15 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 3.81%. LCI Industries’s dividend payout ratio is presently 81.71%.

Analyst Upgrades and Downgrades

LCII has been the subject of a number of analyst reports. Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Truist Financial boosted their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock 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. Based on data from MarketBeat, LCI Industries has a consensus rating of “Hold” and an average price target of $112.20.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Comerica Bank increased its holdings in shares of LCI Industries by 24.1% in the first quarter. Comerica Bank now owns 31,784 shares of the company’s stock valued at $3,911,000 after purchasing an additional 6,174 shares during the last quarter. Intech Investment Management LLC purchased a new stake in LCI Industries in the 2nd quarter valued at $438,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of LCI Industries in the 2nd quarter worth $529,000. International Assets Investment Management LLC raised its holdings in shares of LCI Industries by 5,533.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after acquiring an additional 10,182 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after acquiring an additional 361 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.