Zacks Investment Research lowered shares of LCI Industries (NASDAQ:LCII) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “LCI Industries is a supplier of components to the recreational vehicle and manufactured housing industries as well as adjacent industries including bus, cargo and equestrian trailer, marine and heavy truck. The company’s product portfolio includes awnings, suspension enhancement, chassis, doors and laminates, electronics, interior, software and apps, windows and glass, thermoformed bath and kitchen products. LCI Industries, formerly known as formerly Drew Industries Incorporated, is based in Elkhart, Indiana. “

A number of other research firms have also recently weighed in on LCII. BidaskClub upgraded LCI Industries from a buy rating to a strong-buy rating in a report on Friday, October 27th. Robert W. Baird upped their price target on LCI Industries from $115.00 to $122.00 and gave the stock an outperform rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. LCI Industries presently has a consensus rating of Hold and a consensus target price of $114.67.

LCI Industries (LCII) opened at $115.05 on Tuesday. LCI Industries has a fifty-two week low of $86.25 and a fifty-two week high of $129.20.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from LCI Industries’s previous quarterly dividend of $0.50.

In other LCI Industries news, insider Jamie Schnur sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $115.46, for a total value of $127,006.00. Following the completion of the transaction, the insider now owns 6,347 shares in the company, valued at approximately $732,824.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jason Lippert sold 15,000 shares of the company’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 value of $1,722,000.00. Following the completion of 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 25,210 shares of company stock valued at $2,886,934.

Several institutional investors have recently added to or reduced their stakes in LCII. Congress Asset Management Co. MA boosted its stake in shares of LCI Industries by 11.4% during the 2nd quarter. Congress Asset Management Co. MA now owns 14,950 shares of the company’s stock valued at $1,531,000 after buying an additional 1,534 shares during the last quarter. Bowling Portfolio Management LLC boosted its stake in shares of LCI Industries by 39.5% during the 2nd quarter. Bowling Portfolio Management LLC now owns 6,892 shares of the company’s stock valued at $706,000 after buying an additional 1,953 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of LCI Industries by 4.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 35,853 shares of the company’s stock valued at $3,667,000 after buying an additional 1,569 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of LCI Industries by 8.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 200,000 shares of the company’s stock valued at $20,480,000 after buying an additional 15,000 shares during the last quarter. Finally, Texas Permanent School Fund boosted its stake in shares of LCI Industries by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 18,183 shares of the company’s stock valued at $1,862,000 after buying an additional 259 shares during the last quarter.

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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