LCI Industries (NYSE:LCII) President Scott T. Mereness acquired 1,500 shares of LCI Industries stock in a transaction dated Thursday, November 9th. The stock was purchased 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 accessible through this hyperlink.
LCI Industries (NYSE LCII) opened at $117.85 on Friday. The stock has a market cap of $2,883.11, a price-to-earnings ratio of 20.61 and a beta of 1.28. LCI Industries has a 12 month low of $86.25 and a 12 month high of $129.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, November 16th. LCI Industries’s dividend payout ratio is presently 35.65%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. boosted its stake in LCI Industries by 0.3% during the second quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock worth $481,000 after acquiring an additional 13 shares in the last quarter. Albion Financial Group UT raised 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. raised 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. raised 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 raised 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. 98.95% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on LCII. BidaskClub lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research note on Friday, August 25th. Finally, Zacks Investment Research lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $121.00.
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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