Fmr LLC Sells 67,696 Shares of LCI Industries (NYSE:LCII)

Fmr LLC lessened its position in LCI Industries (NYSE:LCII) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,198,542 shares of the company’s stock after selling 67,696 shares during the quarter. Fmr LLC owned approximately 8.64% of LCI Industries worth $265,012,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank raised 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 acquired a new stake in LCI Industries in the 2nd quarter valued at $438,000. Cornercap Investment Counsel Inc. bought a new stake in LCI Industries during the 2nd quarter worth about $529,000. International Assets Investment Management LLC boosted its stake 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 buying an additional 10,182 shares during the last quarter. Finally, Blue Trust Inc. grew 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 valued at $47,000 after acquiring an additional 361 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LCII shares. Benchmark reiterated a “buy” rating and set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Truist Financial upped their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Raymond James began coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, LCI Industries has an average rating of “Hold” and an average target price of $112.20.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

LCI Industries Price Performance

Shares of LCII opened at $120.81 on Monday. The company’s 50-day moving average is $117.60 and its 200-day moving average is $112.52. 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 firm has a market capitalization of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data 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. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. During the same period last year, the business posted $1.02 earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts forecast that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $1.15 per share. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, November 29th. This represents a $4.60 annualized dividend and a yield of 3.81%. LCI Industries’s dividend payout ratio (DPR) is presently 81.71%.

LCI Industries 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.