David A. Reed Sells 500 Shares of LCI Industries (NYSE:LCII) Stock

LCI Industries (NYSE:LCII) Director David A. Reed sold 500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $95.02, for a total transaction of $47,510.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of LCII stock traded up $2.08 during trading hours on Friday, reaching $90.71. The stock had a trading volume of 117,679 shares, compared to its average volume of 166,432. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.44 and a quick ratio of 1.08. LCI Industries has a twelve month low of $59.68 and a twelve month high of $97.77. The firm has a 50-day simple moving average of $88.47 and a 200-day simple moving average of $88.23. The firm has a market capitalization of $2.27 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.17. LCI Industries had a net margin of 5.75% and a return on equity of 18.72%. The business had revenue of $629.10 million for the quarter, compared to analysts’ expectations of $643.70 million. During the same quarter last year, the company earned $1.86 EPS. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that LCI Industries will post 5.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.87%. LCI Industries’s dividend payout ratio (DPR) is presently 44.37%.

A number of analysts have weighed in on the stock. Northcoast Research assumed coverage on shares of LCI Industries in a report on Friday, June 14th. They set a “neutral” rating on the stock. Zacks Investment Research cut shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup increased their target price on shares of LCI Industries from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, ValuEngine cut shares of LCI Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. LCI Industries presently has an average rating of “Hold” and an average target price of $103.25.

Hedge funds have recently added to or reduced their stakes in the stock. Brasada Capital Management LP bought a new position in LCI Industries in the 2nd quarter valued at about $247,000. First Hawaiian Bank grew its position in LCI Industries by 11.0% in the 2nd quarter. First Hawaiian Bank now owns 2,923 shares of the company’s stock valued at $263,000 after buying an additional 289 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in LCI Industries by 17.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock valued at $85,000 after buying an additional 139 shares in the last quarter. Prudential Financial Inc. grew its position in LCI Industries by 2.2% in the 2nd quarter. Prudential Financial Inc. now owns 41,719 shares of the company’s stock valued at $3,755,000 after buying an additional 890 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in LCI Industries by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,442 shares of the company’s stock valued at $1,480,000 after buying an additional 488 shares in the last quarter.

About LCI Industries

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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