LCI Industries (LCII) Shares Sold by American Century Companies Inc.
American Century Companies Inc. cut its position in LCI Industries (NASDAQ:LCII) by 22.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,039 shares of the company’s stock after selling 61,091 shares during the period. American Century Companies Inc. owned 0.83% of LCI Industries worth $21,098,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in LCI Industries by 30.8% in the second quarter. Victory Capital Management Inc. now owns 397,152 shares of the company’s stock worth $40,668,000 after buying an additional 93,465 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in LCI Industries by 10.8% in the second quarter. Virginia Retirement Systems ET AL now owns 26,600 shares of the company’s stock worth $2,724,000 after buying an additional 2,600 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in LCI Industries by 1.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 14,301 shares of the company’s stock worth $1,464,000 after buying an additional 180 shares during the last quarter. Redwood Investments LLC raised its stake in LCI Industries by 12.4% in the second quarter. Redwood Investments LLC now owns 80,974 shares of the company’s stock worth $8,292,000 after buying an additional 8,953 shares during the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new stake in LCI Industries during the second quarter worth approximately $144,000.
LCI Industries (NASDAQ:LCII) opened at 99.20 on Friday. LCI Industries has a 1-year low of $80.65 and a 1-year high of $117.15. The stock has a market capitalization of $2.47 billion and a P/E ratio of 17.91. The stock has a 50 day moving average price of $99.98 and a 200-day moving average price of $99.47.
LCI Industries (NASDAQ:LCII) last issued its quarterly earnings data on Friday, August 4th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The firm had revenue of $547 million during the quarter, compared to analyst estimates of $507.56 million. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Equities research analysts expect that LCI Industries will post $5.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.02%.
A number of research firms have commented on LCII. Robert W. Baird reissued a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a report on Friday, August 25th. Zacks Investment Research downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th.
In related news, Director David A. Reed sold 2,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $101.29, for a total value of $202,580.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nick C. Fletcher sold 1,617 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $105.44, for a total value of $170,496.48. The disclosure for this sale can be found here.
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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