Pembroke Management LTD lowered its position in shares of LCI Industries (NYSE:LCII) by 15.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,017 shares of the company’s stock after selling 25,600 shares during the period. LCI Industries makes up approximately 1.6% of Pembroke Management LTD’s portfolio, making the stock its 27th largest position. Pembroke Management LTD owned about 0.58% of LCI Industries worth $16,800,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in LCI Industries by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,118,153 shares of the company’s stock valued at $216,899,000 after buying an additional 39,620 shares during the period. Neuberger Berman Group LLC lifted its position in shares of LCI Industries by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock worth $169,668,000 after purchasing an additional 13,647 shares during the last quarter. JPMorgan Chase & Co. increased its stake in LCI Industries by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 828,459 shares of the company’s stock valued at $84,834,000 after purchasing an additional 3,418 shares during the period. Royal Bank of Canada increased its stake in shares of LCI Industries by 65.4% during the second quarter. Royal Bank of Canada now owns 826,484 shares of the company’s stock worth $84,633,000 after acquiring an additional 326,926 shares during the period. Finally, Boston Partners increased its stake in shares of LCI Industries by 2.4% during the third quarter. Boston Partners now owns 746,784 shares of the company’s stock worth $86,515,000 after acquiring an additional 17,625 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.
Several analysts have issued reports on LCII shares. 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 reissued a “buy” rating and set a $115.00 price objective on shares of LCI Industries in a research note on Friday, August 25th. Finally, Zacks Investment Research lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $121.00.
LCI Industries (NYSE:LCII) traded up $0.15 on Thursday, reaching $126.90. 100,950 shares of the company were exchanged, compared to its average volume of 156,756. LCI Industries has a 1-year low of $86.25 and a 1-year high of $132.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19. The firm has a market cap of $3,186.13, a price-to-earnings ratio of 22.77 and a beta of 1.28.
The business 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. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.20 dividend on an annualized basis and a yield of 1.73%. LCI Industries’s dividend payout ratio (DPR) is 39.22%.
In other news, President Scott T. Mereness acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average cost of $114.00 per share, for a total transaction of $171,000.00. Following the transaction, the president now directly owns 207,824 shares in the company, valued at approximately $23,691,936. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jamie Schnur sold 3,800 shares of LCI Industries stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $128.29, for a total transaction of $487,502.00. Following the completion of the sale, the insider now owns 3,829 shares in the company, valued at $491,222.41. The disclosure for this sale can be found here. Insiders have sold a total of 36,697 shares of company stock worth $4,351,175 over the last quarter. 3.60% of the stock is currently owned by insiders.
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LCI Industries 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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