BNP Paribas Arbitrage SA grew its stake in LCI Industries (NYSE:LCII) by 53.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,003 shares of the company’s stock after buying an additional 4,850 shares during the period. BNP Paribas Arbitrage SA’s holdings in LCI Industries were worth $1,622,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of LCI Industries by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock worth $481,000 after purchasing an additional 13 shares during the last quarter. Albion Financial Group UT lifted its position in shares of LCI Industries by 0.9% during the 2nd quarter. Albion Financial Group UT now owns 5,012 shares of the company’s stock worth $513,000 after purchasing an additional 45 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of LCI Industries by 1.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,281 shares of the company’s stock worth $336,000 after purchasing an additional 52 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of LCI Industries by 3.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,128 shares of the company’s stock worth $218,000 after purchasing an additional 78 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of LCI Industries by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 12,998 shares of the company’s stock worth $1,331,000 after purchasing an additional 100 shares during the last quarter. 97.44% of the stock is owned by institutional investors.
LCI Industries (NYSE:LCII) opened at $124.05 on Friday. The company has a quick ratio of 1.03, a current ratio of 2.19 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $3,093.81, a P/E ratio of 22.11 and a beta of 1.28. LCI Industries has a twelve month low of $86.25 and a twelve month high of $129.20.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.20 annualized dividend and a yield of 1.77%. LCI Industries’s dividend payout ratio (DPR) is 39.22%.
Several equities analysts recently weighed in on LCII shares. BidaskClub cut LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $115.00 price objective on shares of LCI Industries in a research report on Thursday, September 28th. Finally, Zacks Investment Research cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. LCI Industries has a consensus rating of “Hold” and an average target price of $121.00.
In other LCI Industries news, CEO Jason Lippert sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $113.65, for a total value of $852,375.00. Following the completion of the transaction, the chief executive officer now owns 164,744 shares of the company’s stock, valued at approximately $18,723,155.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Scott T. Mereness purchased 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $114.00 per share, with a total value of $171,000.00. Following the acquisition, the president now owns 207,824 shares in the company, valued at $23,691,936. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 25,397 shares of company stock valued at $2,909,523. Insiders own 3.60% of the company’s stock.
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About LCI Industries
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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