LCI Industries (NYSE:LCII) CEO Sells $1,260,000.00 in Stock

LCI Industries (NYSE:LCII) CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

LCI Industries Stock Down 0.4 %

LCII stock opened at $120.81 on Friday. The stock has a market capitalization of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $117.60 and a 200 day moving average of $112.54.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. During the same period in the prior year, the company earned $1.02 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. Sell-side analysts forecast that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.15 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, November 29th. LCI Industries’s dividend payout ratio is 81.71%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. LRI Investments LLC acquired a new stake in LCI Industries during the 1st quarter worth about $46,000. Blue Trust Inc. boosted 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 worth $47,000 after buying an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in LCI Industries during the third quarter worth about $49,000. GAMMA Investing LLC raised its position in LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 272 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in 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 acquiring an additional 370 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on LCII. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research report on Wednesday, August 7th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Truist Financial lifted their target price on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Raymond James began coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, LCI Industries has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Company 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.