Royce & Associates LP Has $34.10 Million Position in LCI Industries (LCII)

Royce & Associates LP trimmed its stake in shares of LCI Industries (NYSE:LCII) by 22.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,300 shares of the company’s stock after selling 74,025 shares during the quarter. Royce & Associates LP’s holdings in LCI Industries were worth $34,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its stake in LCI Industries by 3.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,128 shares of the company’s stock worth $218,000 after purchasing an additional 78 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of LCI Industries by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,592 shares of the company’s stock worth $1,903,000 after acquiring an additional 463 shares in the last quarter. Legal & General Group Plc boosted its position in shares of LCI Industries by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 47,166 shares of the company’s stock worth $5,462,000 after acquiring an additional 467 shares in the last quarter. M&T Bank Corp boosted its position in shares of LCI Industries by 18.6% during the 4th quarter. M&T Bank Corp now owns 3,498 shares of the company’s stock worth $454,000 after acquiring an additional 548 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in shares of LCI Industries by 30.7% during the 4th quarter. First Mercantile Trust Co. now owns 2,353 shares of the company’s stock worth $306,000 after acquiring an additional 553 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on LCII shares. Zacks Investment Research cut LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. BidaskClub raised LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Northcoast Research started coverage on LCI Industries in a research report on Friday, January 26th. They set a “sell” rating and a $94.00 price objective for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price objective on shares of LCI Industries in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. LCI Industries currently has an average rating of “Buy” and a consensus target price of $117.50.

LCI Industries (LCII) opened at $113.75 on Monday. The stock has a market capitalization of $2,836.97, a PE ratio of 19.75 and a beta of 0.99. LCI Industries has a 1 year low of $86.25 and a 1 year high of $132.73. The company has a current ratio of 2.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.09. The business had revenue of $547.14 million during the quarter, compared to analysts’ expectations of $511.36 million. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. The business’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. equities research analysts predict that LCI Industries will post 8.1 earnings per share for the current year.

In related news, CEO Jason Lippert sold 7,500 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $127.22, for a total value of $954,150.00. Following the completion of the sale, the chief executive officer now directly owns 151,735 shares of the company’s stock, valued at approximately $19,303,726.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jamie Schnur sold 3,800 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $128.29, for a total value of $487,502.00. Following the completion of the sale, the insider now directly owns 3,829 shares of the company’s stock, valued at $491,222.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,487 shares of company stock valued at $1,464,242. Insiders own 3.60% of the company’s stock.

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LCI Industries 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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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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