Comerica Bank lowered its stake in LCI Industries (NYSE:LCII) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,011 shares of the company’s stock after selling 6,555 shares during the period. Comerica Bank owned approximately 0.15% of LCI Industries worth $4,748,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Boston Partners grew its position in LCI Industries by 2.4% in 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 in the last quarter. Congress Asset Management Co. MA grew its position in LCI Industries by 723.3% in the fourth quarter. Congress Asset Management Co. MA now owns 689,686 shares of the company’s stock worth $89,659,000 after acquiring an additional 605,911 shares in the last quarter. Dimensional Fund Advisors LP grew its position in LCI Industries by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 671,293 shares of the company’s stock worth $77,768,000 after acquiring an additional 21,314 shares in the last quarter. State Street Corp grew its position in LCI Industries by 2.2% in the second quarter. State Street Corp now owns 594,465 shares of the company’s stock worth $60,871,000 after acquiring an additional 12,737 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in LCI Industries by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 391,140 shares of the company’s stock worth $50,849,000 after acquiring an additional 9,025 shares in the last quarter. Institutional investors own 99.96% of the company’s stock.
LCI Industries (NYSE LCII) opened at $118.00 on Thursday. LCI Industries has a 12-month low of $86.25 and a 12-month high of $132.73. The stock has a market capitalization of $2,916.78, a P/E ratio of 22.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 2.29.
In other LCI Industries news, CEO Jason Lippert sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $127.22, for a total transaction of $954,150.00. Following the completion of the transaction, the chief executive officer now owns 151,735 shares in the company, valued at $19,303,726.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jamie Schnur sold 3,800 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $128.29, for a total value of $487,502.00. Following the transaction, the insider now owns 3,829 shares of the company’s stock, valued at approximately $491,222.41. The disclosure for this sale can be found here. Insiders have sold 11,487 shares of company stock valued at $1,464,242 in the last 90 days. Company insiders own 3.60% of the company’s stock.
Several research analysts have issued reports on LCII shares. BidaskClub lowered LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Robert W. Baird restated a “buy” rating and set a $135.00 target price on shares of LCI Industries in a research report on Friday, December 22nd. Zacks Investment Research upgraded LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Northcoast Research started coverage on LCI Industries in a research report on Friday, January 26th. They set a “sell” rating and a $94.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. LCI Industries has a consensus rating of “Buy” and an average target price of $117.50.
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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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