Barclays PLC Sells 1,404,399 Shares of LCI Industries (NYSE:LCII)

Barclays PLC reduced its holdings in shares of LCI Industries (NYSE:LCII) by 92.3% in the third quarter, Holdings Channel.com reports. The fund owned 117,215 shares of the company’s stock after selling 1,404,399 shares during the quarter. Barclays PLC’s holdings in LCI Industries were worth $14,127,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LCII. Intech Investment Management LLC bought a new position in LCI Industries in the 2nd quarter worth about $438,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of LCI Industries in the second quarter valued at approximately $529,000. Charles Schwab Investment Management Inc. grew its stake in LCI Industries by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after purchasing an additional 29,192 shares in the last quarter. International Assets Investment Management LLC increased its holdings in LCI Industries by 5,533.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after purchasing an additional 10,182 shares during the period. Finally, Blue Trust Inc. raised its position in LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by insiders.

LCI Industries Trading Down 1.5 %

Shares of NYSE LCII opened at $115.76 on Monday. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The business has a fifty day moving average price of $117.38 and a 200 day moving average price of $113.20. The stock has a market capitalization of $2.95 billion, a P/E ratio of 22.52 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same period in the prior year, the firm posted $1.02 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts expect that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $1.15 per share. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a yield of 3.97%. LCI Industries’s dividend payout ratio is presently 89.49%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James began coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Truist Financial increased their target price on shares of LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.