Holocene Advisors LP Sells 5,005 Shares of LCI Industries (NYSE:LCII)

Holocene Advisors LP reduced its position in shares of LCI Industries (NYSE:LCII) by 21.4% in the third quarter, HoldingsChannel.com reports. The firm owned 18,338 shares of the company’s stock after selling 5,005 shares during the period. Holocene Advisors LP’s holdings in LCI Industries were worth $2,210,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. American Century Companies Inc. increased its position in LCI Industries by 30.5% during the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after purchasing an additional 97,877 shares during the period. Royce & Associates LP boosted its stake in shares of LCI Industries by 22.5% during the 3rd quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock valued at $45,086,000 after purchasing an additional 68,682 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after buying an additional 62,354 shares during the period. Principal Financial Group Inc. raised its stake in LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after buying an additional 36,487 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its holdings in LCI Industries by 26.5% in the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock worth $19,649,000 after buying an additional 34,110 shares during the period. 99.71% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

LCI Industries Stock Performance

LCI Industries stock opened at $118.00 on Friday. LCI Industries has a twelve month low of $96.18 and a twelve month 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 company has a market capitalization of $3.00 billion, a P/E ratio of 22.96 and a beta of 1.41. The stock’s 50 day moving average is $117.59 and its 200 day moving average is $112.76.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned $1.02 earnings per share. On average, equities research analysts predict 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. Stockholders of record on Friday, November 29th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Friday, November 29th. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio is currently 89.49%.

Analyst Ratings Changes

A number of research analysts have weighed in on LCII shares. Raymond James started coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Truist Financial increased their price objective on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries 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.