Mutual of America Capital Management LLC Has $462,000 Position in LCI Industries (NYSE:LCII)

Mutual of America Capital Management LLC trimmed its stake in LCI Industries (NYSE:LCII) by 8.5% in the third quarter, HoldingsChannel reports. The firm owned 3,830 shares of the company’s stock after selling 354 shares during the period. Mutual of America Capital Management LLC’s holdings in LCI Industries were worth $462,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LCII. Blue Trust Inc. lifted 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 worth $47,000 after purchasing an additional 361 shares in the last quarter. LRI Investments LLC bought a new stake in shares of LCI Industries during the first quarter worth about $46,000. GAMMA Investing LLC raised its holdings in shares of LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of LCI Industries by 99.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in LCI Industries in the 2nd quarter valued at about $93,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

LCI Industries Trading Down 0.5 %

NYSE:LCII opened at $122.53 on Thursday. The company has a market cap of $3.12 billion, a P/E ratio of 23.97 and a beta of 1.41. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. 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 fifty day moving average price is $117.58 and its two-hundred day moving average price is $112.36.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating 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 business had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same quarter in the previous year, the firm earned $1.02 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, analysts expect that LCI Industries will post 5.51 EPS for the current year.

LCI Industries Increases Dividend

The company also recently declared 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. 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 3.75%. The ex-dividend date of this dividend is Friday, November 29th. LCI Industries’s payout ratio is 81.71%.

Analyst Ratings Changes

Several brokerages recently issued reports on LCII. Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note 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 on the stock. Finally, Truist Financial upped their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $112.20.

About LCI Industries

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.