Stifel Financial Corp grew its holdings in LCI Industries (NYSE:LCII) by 9.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,656 shares of the company’s stock after buying an additional 12,130 shares during the period. Stifel Financial Corp owned approximately 0.58% of LCI Industries worth $16,630,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of LCII. Vanguard Group Inc. lifted its holdings in LCI Industries by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,118,153 shares of the company’s stock valued at $216,899,000 after buying an additional 39,620 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in LCI Industries by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock valued at $169,668,000 after buying an additional 13,647 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in LCI Industries by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 828,459 shares of the company’s stock valued at $84,834,000 after buying an additional 3,418 shares in the last quarter. Royal Bank of Canada lifted its holdings in LCI Industries by 65.4% during the 2nd quarter. Royal Bank of Canada now owns 826,484 shares of the company’s stock valued at $84,633,000 after buying an additional 326,926 shares in the last quarter. Finally, Boston Partners lifted its holdings in LCI Industries by 2.4% during the 3rd quarter. Boston Partners now owns 746,784 shares of the company’s stock valued at $86,515,000 after buying an additional 17,625 shares in the last quarter. 99.56% of the stock is owned by institutional investors and hedge funds.
LCI Industries (NYSE:LCII) traded down $1.00 during trading hours on Thursday, hitting $126.75. 116,900 shares of the stock traded hands, compared to its average volume of 157,014. LCI Industries has a twelve month low of $86.25 and a twelve month high of $132.00. 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 company has a market cap of $3,186.13, a price-to-earnings ratio of 22.77 and a beta of 1.28.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.55 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.20 annualized dividend and a dividend yield of 1.74%. LCI Industries’s dividend payout ratio is currently 39.22%.
A number of equities research analysts recently weighed in on LCII shares. BidaskClub lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating and set a $115.00 price objective on shares of LCI Industries in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $121.00.
In other news, President Scott T. Mereness acquired 1,500 shares of LCI Industries stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $114.00 per share, for a total transaction of $171,000.00. Following the purchase, the president now directly owns 207,824 shares in the company, valued at approximately $23,691,936. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Lippert sold 15,000 shares of the business’s stock in a transaction that occurred 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 owns 164,744 shares of the company’s stock, valued at approximately $18,912,611.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,697 shares of company stock valued at $4,351,175. Company 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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