LCI Industries (NYSE:LCII) President Scott T. Mereness purchased 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $114.00 per share, for a total transaction of $171,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of LCI Industries (LCII) traded up $0.75 during mid-day trading on Wednesday, hitting $116.25. The stock had a trading volume of 157,100 shares, compared to its average volume of 159,723. LCI Industries has a 1 year low of $86.25 and a 1 year high of $129.20. 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 $2,880.61, a PE ratio of 20.59 and a beta of 1.28.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders 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 dividend yield of 1.89%. LCI Industries’s dividend payout ratio (DPR) is 35.65%.
Several equities research analysts have recently issued reports on the company. BidaskClub raised LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. Zacks Investment Research cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $121.00.
Hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC increased its holdings in shares of LCI Industries by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock worth $169,668,000 after purchasing an additional 13,647 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in LCI Industries in the second quarter worth about $202,000. Intrust Bank NA grew its position in LCI Industries by 20.3% in the second quarter. Intrust Bank NA now owns 2,811 shares of the company’s stock worth $288,000 after acquiring an additional 475 shares in the last quarter. Sei Investments Co. grew its position in LCI Industries by 2,623.4% in the second quarter. Sei Investments Co. now owns 11,983 shares of the company’s stock worth $1,228,000 after acquiring an additional 11,543 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in LCI Industries in the second quarter worth about $144,000. 98.95% of the stock is currently owned by hedge funds and other institutional investors.
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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