Texas Permanent School Fund reduced its stake in LCI Industries (NYSE:LCII) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,858 shares of the company’s stock after selling 1,341 shares during the period. Texas Permanent School Fund’s holdings in LCI Industries were worth $2,192,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings in LCI Industries by 18.5% during the third quarter. Wells Fargo & Company MN now owns 218,203 shares of the company’s stock valued at $25,279,000 after purchasing an additional 34,061 shares during the last quarter. Aperio Group LLC lifted its holdings in LCI Industries by 20.6% during the third quarter. Aperio Group LLC now owns 8,188 shares of the company’s stock valued at $949,000 after purchasing an additional 1,398 shares during the last quarter. Comerica Bank purchased a new stake in LCI Industries during the third quarter valued at about $5,287,000. American International Group Inc. lifted its holdings in LCI Industries by 5.7% during the third quarter. American International Group Inc. now owns 19,285 shares of the company’s stock valued at $2,234,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in LCI Industries during the third quarter valued at about $351,000. 97.75% of the stock is currently owned by institutional investors.

In related news, President Scott T. Mereness purchased 1,500 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $114.00 per share, for a total transaction of $171,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Lippert sold 7,500 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $127.22, for a total value of $954,150.00. Following the sale, the chief executive officer now owns 151,735 shares in the company, valued at $19,303,726.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,487 shares of company stock worth $1,464,242. Insiders own 3.60% of the company’s stock.

Several research firms have commented on LCII. BidaskClub downgraded shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price objective on shares of LCI Industries in a report on Friday, December 22nd. Northcoast Research began coverage on shares of LCI Industries in a report on Friday, January 26th. They set a “sell” rating and a $94.00 price objective on the stock. Finally, Zacks Investment Research raised shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. LCI Industries currently has an average rating of “Hold” and a consensus price target of $112.75.

Shares of LCI Industries (NYSE LCII) opened at $109.25 on Wednesday. The company has a market cap of $2,611.26, a PE ratio of 18.66 and a beta of 0.99. LCI Industries has a fifty-two week low of $86.25 and a fifty-two week high of $132.73. The company has a current ratio of 2.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08.

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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.

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

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