LCI Industries (LCII) Shares Sold by BlackRock Inc.
BlackRock Inc. reduced its stake in shares of LCI Industries (NASDAQ:LCII) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,922,160 shares of the company’s stock after selling 62,690 shares during the period. BlackRock Inc. owned approximately 11.73% of LCI Industries worth $299,229,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in LCII. Marshall Wace North America L.P. lifted its holdings in shares of LCI Industries by 64.1% in the second quarter. Marshall Wace North America L.P. now owns 274,898 shares of the company’s stock valued at $28,039,000 after purchasing an additional 107,336 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of LCI Industries by 30.8% during the second quarter. Victory Capital Management Inc. now owns 397,152 shares of the company’s stock worth $40,668,000 after buying an additional 93,465 shares during the period. Rice Hall James & Associates LLC boosted its position in shares of LCI Industries by 42.2% during the second quarter. Rice Hall James & Associates LLC now owns 300,416 shares of the company’s stock worth $30,763,000 after buying an additional 89,189 shares during the period. Aberdeen Asset Management PLC UK boosted its position in shares of LCI Industries by 21.6% during the second quarter. Aberdeen Asset Management PLC UK now owns 398,573 shares of the company’s stock worth $40,814,000 after buying an additional 70,672 shares during the period. Finally, Kennedy Capital Management Inc. boosted its position in shares of LCI Industries by 17.6% during the second quarter. Kennedy Capital Management Inc. now owns 320,470 shares of the company’s stock worth $32,816,000 after buying an additional 48,029 shares during the period.
In other news, President Scott T. Mereness acquired 3,000 shares of LCI Industries stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $94.50 per share, with a total value of $283,500.00. Following the completion of the purchase, the president now owns 204,824 shares of the company’s stock, valued at approximately $19,355,868. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jason Lippert sold 7,500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $18,723,155.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,210 shares of company stock worth $2,886,934.
A number of research analysts recently issued reports on the company. 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. BidaskClub raised LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. Finally, Zacks Investment Research upgraded LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $112.33.
Shares of LCI Industries (LCII) opened at 119.55 on Tuesday. LCI Industries has a 12-month low of $80.65 and a 12-month high of $119.60. The firm has a market capitalization of $2.98 billion and a P/E ratio of 21.59. The stock has a 50 day moving average of $102.63 and a 200-day moving average of $99.18.
LCI Industries (NASDAQ:LCII) last issued its earnings results on Friday, August 4th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The business had revenue of $547.00 million during the quarter, compared to analyst estimates of $507.56 million. LCI Industries’s revenue was up 24.0% compared to the same quarter last year. On average, equities research analysts predict that LCI Industries will post $5.78 EPS for the current fiscal year.
LCI Industries Company 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.
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with Analyst Ratings Network's FREE daily email newsletter.