Rhumbline Advisers boosted its stake in LCI Industries (NYSE:LCII) by 2.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,244 shares of the company’s stock after buying an additional 1,281 shares during the period. Rhumbline Advisers owned 0.21% of LCI Industries worth $5,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LCII. Bowling Portfolio Management LLC lifted its holdings in LCI Industries by 39.5% in the 2nd quarter. Bowling Portfolio Management LLC now owns 6,892 shares of the company’s stock valued at $706,000 after acquiring an additional 1,953 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in LCI Industries by 4.6% in 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 acquiring an additional 1,569 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in LCI Industries by 8.1% in 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 acquiring an additional 15,000 shares during the last quarter. Texas Permanent School Fund lifted its holdings in LCI Industries by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 18,183 shares of the company’s stock valued at $1,862,000 after acquiring an additional 259 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in LCI Industries by 2,623.4% in the 2nd quarter. Sei Investments Co. now owns 11,983 shares of the company’s stock valued at $1,228,000 after acquiring an additional 11,543 shares during the last quarter. Hedge funds and other institutional investors own 99.50% of the company’s stock.

Shares of LCI Industries (NYSE:LCII) opened at $129.95 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19. LCI Industries has a 52 week low of $86.25 and a 52 week high of $131.95. The company has a market cap of $3,264.69, a PE ratio of 23.33 and a beta of 1.28.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, November 16th. LCI Industries’s dividend payout ratio is presently 39.22%.

In other LCI Industries news, insider Jamie Schnur sold 1,100 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $115.46, for a total transaction of $127,006.00. Following the completion of the sale, the insider now directly owns 6,347 shares of the company’s stock, valued at $732,824.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jason Lippert sold 15,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the sale, the chief executive officer now directly owns 164,744 shares of the company’s stock, valued at $18,912,611.20. The disclosure for this sale can be found here. Insiders have sold 32,897 shares of company stock valued at $3,863,673 over the last ninety days. Insiders own 3.60% of the company’s stock.

A number of equities research analysts have weighed in on the stock. BidaskClub raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. Zacks Investment Research downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, Robert W. Baird reissued a “buy” rating and issued a $115.00 price target on shares of LCI Industries in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $121.00.

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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.

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

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