LCI Industries (NYSE:LCII) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its holdings in shares of LCI Industries (NYSE:LCII) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,403 shares of the company’s stock after selling 253 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in LCI Industries were worth $410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC increased its position in shares of LCI Industries by 155.6% in the 2nd 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 last quarter. Envestnet Portfolio Solutions Inc. raised its stake in LCI Industries by 6.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,677 shares of the company’s stock valued at $277,000 after buying an additional 169 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in LCI Industries by 11.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 19,845 shares of the company’s stock worth $2,052,000 after buying an additional 1,970 shares during the last quarter. Summit Global Investments acquired a new position in shares of LCI Industries in the 2nd quarter worth approximately $227,000. Finally, Louisiana State Employees Retirement System increased its holdings in shares of LCI Industries by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,323,000 after acquiring an additional 300 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of LCI Industries 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by insiders.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $105.79 on Thursday. The firm’s 50 day moving average is $117.15 and its two-hundred day moving average is $113.22. The firm has a market capitalization of $2.69 billion, a P/E ratio of 20.58 and a beta of 1.41. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 52 week low of $96.18 and a 52 week 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 for the quarter, beating 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 firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same quarter in the previous year, the business earned $1.02 EPS. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts anticipate that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Friday, November 29th. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio is currently 89.49%.

Wall Street Analyst Weigh In

A number of equities analysts have 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. Raymond James began coverage on shares of LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, Truist Financial increased their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. One equities 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $112.20.

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.