LCI Industries (NYSE:LCII) CEO Jason Lippert Sells 10,000 Shares

LCI Industries (NYSE:LCII) 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. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

LCI Industries Stock Performance

Shares of LCII traded down $0.68 during trading hours on Wednesday, reaching $122.50. 124,946 shares of the company traded hands, compared to its average volume of 227,656. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The stock has a market cap of $3.12 billion, a P/E ratio of 23.97 and a beta of 1.41. The stock’s fifty day moving average is $117.58 and its 200 day moving average is $112.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. Equities research analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.76%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is 81.71%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Benchmark restated a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Raymond James initiated coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Truist Financial raised their price target on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.20.

Hedge Funds Weigh In On LCI Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares during the last quarter. LRI Investments LLC bought a new position in LCI Industries in the 1st quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries in the third quarter worth $49,000. GAMMA Investing LLC boosted its stake in LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after purchasing an additional 272 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after buying an additional 370 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.