Public Employees Retirement System of Ohio grew its holdings in LCI Industries (NASDAQ:LCII) by 430.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,236 shares of the company’s stock after purchasing an additional 19,667 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of LCI Industries worth $2,482,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. raised its holdings in shares of LCI Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock valued at $481,000 after purchasing an additional 13 shares during the last quarter. Albion Financial Group UT increased its holdings in LCI Industries by 0.9% during the second quarter. Albion Financial Group UT now owns 5,012 shares of the company’s stock worth $513,000 after buying an additional 45 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in LCI Industries by 1.6% during the second quarter. Pinebridge Investments L.P. now owns 3,281 shares of the company’s stock worth $336,000 after buying an additional 52 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in LCI Industries by 3.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,128 shares of the company’s stock worth $218,000 after buying an additional 78 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in LCI Industries by 0.8% during the second quarter. Arizona State Retirement System now owns 12,998 shares of the company’s stock worth $1,331,000 after buying an additional 100 shares during the last quarter.
In other LCI Industries news, CEO Jason Lippert sold 15,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the transaction, the chief executive officer now directly owns 164,744 shares in the company, valued at approximately $18,912,611.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jamie Schnur sold 1,100 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $115.46, for a total value of $127,006.00. Following the transaction, the insider now owns 6,347 shares in the company, valued at $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 worth $2,886,934.
LCI Industries (NASDAQ:LCII) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.59 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $507.56 million. LCI Industries’s revenue for the quarter was up 24.0% on a year-over-year basis.
A number of equities analysts recently weighed in on LCII shares. Zacks Investment Research upgraded shares of LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Wednesday, July 5th. Robert W. Baird restated a “buy” rating and set a $115.00 target price on shares of LCI Industries in a report on Friday, August 25th. Finally, BidaskClub upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. LCI Industries has an average rating of “Buy” and an average price target of $112.33.
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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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