LCI Industries (LCII) Holdings Reduced by Nationwide Fund Advisors
Nationwide Fund Advisors reduced its holdings in LCI Industries (NYSE:LCII) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,400 shares of the company’s stock after selling 1,892 shares during the period. Nationwide Fund Advisors owned approximately 0.17% of LCI Industries worth $5,028,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bruderman Asset Management LLC bought a new stake in shares of LCI Industries during the second quarter valued at approximately $122,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of LCI Industries during the second quarter valued at approximately $124,000. Riverhead Capital Management LLC increased its position in shares of LCI Industries by 74.9% during the second quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after purchasing an additional 599 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of LCI Industries during the second quarter valued at approximately $144,000. Finally, LSV Asset Management bought a new stake in shares of LCI Industries during the second quarter valued at approximately $194,000. 99.56% of the stock is currently owned by institutional investors.
LCI Industries (LCII) traded down $2.30 on Friday, hitting $125.55. The stock had a trading volume of 172,900 shares, compared to its average volume of 156,410. The company has a market capitalization of $3,188.63, a PE ratio of 22.79 and a beta of 1.28. The company has a current ratio of 2.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. LCI Industries has a 1-year low of $86.25 and a 1-year high of $132.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, November 16th. LCI Industries’s dividend payout ratio is presently 39.22%.
A number of research firms have recently issued reports on LCII. Zacks Investment Research upgraded LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Robert W. Baird restated a “buy” rating and set a $115.00 price objective on shares of LCI Industries in a research report on Thursday, September 28th. Finally, BidaskClub upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $121.00.
In related news, insider Jamie Schnur sold 1,100 shares of the business’s stock in a transaction 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 sale, the insider now owns 6,347 shares of the company’s stock, valued at approximately $732,824.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jason Lippert sold 7,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $113.65, for a total value of $852,375.00. Following the completion of the sale, the chief executive officer now directly owns 164,744 shares in the company, valued at approximately $18,723,155.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,697 shares of company stock worth $4,351,175. 3.60% of the stock is owned by insiders.
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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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