LCI Industries (NYSE:LCII) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its position in shares of LCI Industries (NYSE:LCII) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,905 shares of the company’s stock after selling 166 shares during the period. The Manufacturers Life Insurance Company’s holdings in LCI Industries were worth $1,556,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of LCI Industries by 155.6% during the second quarter. SG Americas Securities LLC now owns 3,819 shares of the company’s stock worth $395,000 after purchasing an additional 2,325 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of LCI Industries by 6.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,677 shares of the company’s stock worth $277,000 after purchasing an additional 169 shares during the period. Nisa Investment Advisors LLC increased its stake in LCI Industries by 11.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 19,845 shares of the company’s stock valued at $2,052,000 after purchasing an additional 1,970 shares in the last quarter. Summit Global Investments purchased a new stake in shares of LCI Industries in the second quarter valued at about $227,000. Finally, NewSquare Capital LLC raised its position in shares of LCI Industries by 4.7% during the 2nd quarter. NewSquare Capital LLC now owns 62,304 shares of the company’s stock worth $6,441,000 after purchasing an additional 2,795 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 0.0 %

Shares of NYSE:LCII opened at $118.73 on Wednesday. The company’s fifty day moving average is $117.50 and its two-hundred day moving average is $112.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 23.10 and a beta of 1.41.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $915.50 million during 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%. LCI Industries’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. Equities analysts anticipate that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.15 per share. 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 dividend on an annualized basis and a dividend yield of 3.87%. LCI Industries’s payout ratio is 89.49%.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $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 is available at the SEC website. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

LCII has been the subject of a number of analyst reports. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. 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 initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and an average 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.