LCI Industries (LCII) Stake Increased by Boston Partners
Boston Partners grew its holdings in shares of LCI Industries (NASDAQ:LCII) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 746,784 shares of the company’s stock after acquiring an additional 17,625 shares during the period. Boston Partners owned about 3.00% of LCI Industries worth $86,515,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Congress Asset Management Co. MA grew its stake in LCI Industries by 11.4% in the second quarter. Congress Asset Management Co. MA now owns 14,950 shares of the company’s stock worth $1,531,000 after purchasing an additional 1,534 shares in the last quarter. Bowling Portfolio Management LLC grew its stake in LCI Industries by 39.5% in the second quarter. Bowling Portfolio Management LLC now owns 6,892 shares of the company’s stock worth $706,000 after purchasing an additional 1,953 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in LCI Industries by 4.6% in the second quarter. Great West Life Assurance Co. Can now owns 35,853 shares of the company’s stock worth $3,667,000 after purchasing an additional 1,569 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in LCI Industries by 8.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 200,000 shares of the company’s stock worth $20,480,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Texas Permanent School Fund grew its stake in LCI Industries by 1.4% in the second quarter. Texas Permanent School Fund now owns 18,183 shares of the company’s stock worth $1,862,000 after purchasing an additional 259 shares in the last quarter.
LCI Industries (LCII) opened at $115.05 on Friday. LCI Industries has a 52 week low of $86.25 and a 52 week high of $129.20.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.55 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, November 16th.
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In other news, CEO Jason Lippert sold 7,500 shares of LCI Industries stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $113.65, for a total transaction of $852,375.00. Following the sale, the chief executive officer now owns 164,744 shares of the company’s stock, valued at $18,723,155.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jamie Schnur sold 1,100 shares of LCI Industries stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $115.46, for a total value of $127,006.00. Following the sale, the insider now directly owns 6,347 shares in the company, valued at approximately $732,824.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,210 shares of company stock valued at $2,886,934.
A number of equities analysts have commented on LCII shares. BidaskClub downgraded LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 12th. Robert W. Baird restated a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a research note on Thursday, September 28th. Finally, Zacks Investment Research downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $114.67.
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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