SG Americas Securities LLC lifted its position in shares of LCI Industries (NASDAQ:LCII) by 113.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,436 shares of the company’s stock after buying an additional 2,362 shares during the quarter. SG Americas Securities LLC’s holdings in LCI Industries were worth $454,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. grew its position in shares of LCI Industries by 2,623.4% during the 2nd quarter. Sei Investments Co. now owns 11,983 shares of the company’s stock worth $1,228,000 after buying an additional 11,543 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of LCI Industries during the 2nd quarter worth $202,000. K.J. Harrison & Partners Inc grew its position in shares of LCI Industries by 215.2% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 15,760 shares of the company’s stock worth $1,614,000 after buying an additional 10,760 shares in the last quarter. Congress Asset Management Co. MA grew its position in shares of LCI Industries by 11.4% during the 2nd quarter. Congress Asset Management Co. MA now owns 14,950 shares of the company’s stock worth $1,531,000 after buying an additional 1,534 shares in the last quarter. Finally, Bowling Portfolio Management LLC grew its position in shares of LCI Industries by 39.5% during the 2nd quarter. Bowling Portfolio Management LLC now owns 6,892 shares of the company’s stock worth $706,000 after buying an additional 1,953 shares in the last quarter.
LCII has been the topic of a number of recent research reports. Zacks Investment Research raised LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Wednesday, July 5th. Robert W. Baird reissued a “buy” rating and set a $115.00 price target on shares of LCI Industries in a research report on Friday, August 25th.
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In other news, insider Nick C. Fletcher sold 1,617 shares of LCI Industries stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $105.44, for a total value of $170,496.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Scott T. Mereness acquired 3,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was purchased at an average cost of $94.50 per share, with a total value of $283,500.00. Following the completion of the purchase, the president now directly owns 204,824 shares of the company’s stock, valued at approximately $19,355,868. The disclosure for this purchase can be found here.
LCI Industries (LCII) opened at 102.05 on Tuesday. LCI Industries has a 52-week low of $80.65 and a 52-week high of $117.15. The stock’s 50 day moving average price is $99.58 and its 200-day moving average price is $98.95. The company has a market cap of $2.54 billion and a P/E ratio of 18.43.
LCI Industries (NASDAQ:LCII) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.03. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The business had revenue of $547 million during the quarter, compared to analysts’ expectations of $507.56 million. The firm’s revenue was up 24.0% compared to the same quarter last year. On average, equities analysts predict that LCI Industries will post $5.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%.
LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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