Dana Investment Advisors Inc. decreased its position in shares of LCI Industries (NYSE:LCII) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,803 shares of the company’s stock after selling 493 shares during the period. Dana Investment Advisors Inc. owned 0.09% of LCI Industries worth $2,642,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. grew its position in LCI Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock worth $481,000 after buying an additional 13 shares during the last quarter. Albion Financial Group UT grew its position in LCI Industries by 0.9% in 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. grew its position in LCI Industries by 1.6% in 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. grew its position in LCI Industries by 3.8% in 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 grew its position in LCI Industries by 0.8% in 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. 99.56% of the stock is currently owned by hedge funds and other institutional investors.
In other LCI Industries news, CEO Jason Lippert sold 7,500 shares of LCI Industries stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $113.65, for a total transaction of $852,375.00. Following the transaction, the chief executive officer now directly owns 164,744 shares in the company, valued at approximately $18,723,155.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Scott T. Mereness acquired 1,500 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $114.00 per share, for a total transaction of $171,000.00. Following the completion of the transaction, the president now owns 207,824 shares in the company, valued at approximately $23,691,936. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 36,697 shares of company stock worth $4,351,175. Corporate insiders own 3.60% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, November 16th. LCI Industries’s payout ratio is 39.22%.
Several research firms have issued reports on LCII. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. BidaskClub lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Finally, Robert W. Baird lifted their price target on shares of LCI Industries from $115.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $121.00.
LCI Industries Company Profile
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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