LCI Industries (LCII) Holdings Lifted by Voya Investment Management LLC

Voya Investment Management LLC boosted its stake in shares of LCI Industries (NASDAQ:LCII) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,206 shares of the company’s stock after acquiring an additional 1,321 shares during the quarter. Voya Investment Management LLC owned 0.06% of LCI Industries worth $1,557,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Epoch Investment Partners Inc. acquired a new stake in shares of LCI Industries in the second quarter valued at $42,453,000. Marshall Wace North America L.P. increased its stake in shares of LCI Industries by 64.1% in the second quarter. Marshall Wace North America L.P. now owns 274,898 shares of the company’s stock valued at $28,039,000 after buying an additional 107,336 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of LCI Industries by 30.8% in the second quarter. Victory Capital Management Inc. now owns 397,152 shares of the company’s stock valued at $40,668,000 after buying an additional 93,465 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in shares of LCI Industries by 42.2% in the second quarter. Rice Hall James & Associates LLC now owns 300,416 shares of the company’s stock valued at $30,763,000 after buying an additional 89,189 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of LCI Industries by 21.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 398,573 shares of the company’s stock valued at $40,814,000 after buying an additional 70,672 shares in the last quarter.

LCII has been the subject of a number of research reports. Robert W. Baird restated a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a research note on Friday, August 25th. BidaskClub upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $112.33.

Shares of LCI Industries (NASDAQ LCII) opened at 123.35 on Friday. The stock has a 50 day moving average price of $111.52 and a 200-day moving average price of $101.11. The firm has a market capitalization of $3.07 billion and a price-to-earnings ratio of 22.27. LCI Industries has a 52 week low of $80.65 and a 52 week high of $123.78.

LCI Industries (NASDAQ:LCII) last announced its quarterly earnings data on Friday, August 4th. The company reported $1.59 earnings per share for the quarter, topping the 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 $547.00 million during the quarter, compared to the consensus estimate of $507.56 million. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. On average, equities research analysts forecast that LCI Industries will post $5.78 earnings per share for the current year.

In other LCI Industries news, CEO Jason Lippert sold 1,610 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $115.25, for a total value of $185,552.50. Following the completion of the transaction, the chief executive officer now owns 164,744 shares of the company’s stock, valued at approximately $18,986,746. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jamie Schnur sold 1,100 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $115.46, for a total value of $127,006.00. Following the completion of the transaction, the insider now directly owns 6,347 shares of the company’s stock, valued at approximately $732,824.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,210 shares of company stock valued at $2,886,934.

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LCI Industries 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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Institutional Ownership by Quarter for LCI Industries (NASDAQ:LCII)

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