MML Investors Services LLC Invests $295,000 in LCI Industries (LCII)
MML Investors Services LLC acquired a new stake in LCI Industries (NYSE:LCII) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,268 shares of the company’s stock, valued at approximately $295,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its position in shares of LCI Industries by 478.7% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the company’s stock worth $114,000 after acquiring an additional 900 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of LCI Industries during the 4th quarter worth about $170,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of LCI Industries by 104.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock worth $186,000 after acquiring an additional 730 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of LCI Industries during the 3rd quarter worth about $187,000. Finally, WP Advisors LLC acquired a new stake in shares of LCI Industries during the 4th quarter worth about $210,000. Institutional investors and hedge funds own 97.18% of the company’s stock.
LCII has been the topic of several research analyst reports. Northcoast Research initiated coverage on LCI Industries in a research report on Friday, January 26th. They set a “sell” rating and a $94.00 target price on the stock. Zacks Investment Research raised LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Robert W. Baird reissued a “buy” rating and set a $135.00 target price on shares of LCI Industries in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $117.50.
LCI Industries (NYSE:LCII) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.11 by $0.09. The company had revenue of $547.14 million for the quarter, compared to analyst estimates of $511.36 million. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. The firm’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. equities analysts expect that LCI Industries will post 8.1 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 16th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, March 15th. LCI Industries’s dividend payout ratio (DPR) is 41.98%.
In other LCI Industries news, insider Nick C. Fletcher sold 2,234 shares of LCI Industries stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $110.00, for a total transaction of $245,740.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Gero sold 6,500 shares of LCI Industries stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.38, for a total value of $723,970.00. Following the transaction, the director now directly owns 226,549 shares in the company, valued at approximately $25,233,027.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,845 shares of company stock worth $982,012. 3.60% of the stock is currently owned by corporate 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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