Legal & General Group Plc Purchases 3,900 Shares of LCI Industries (LCII)
Legal & General Group Plc boosted its position in LCI Industries (NASDAQ:LCII) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,699 shares of the company’s stock after purchasing an additional 3,900 shares during the quarter. Legal & General Group Plc owned about 0.19% of LCI Industries worth $4,784,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LCII. Teacher Retirement System of Texas acquired a new position in LCI Industries in the 2nd quarter valued at $202,000. New Jersey Better Educational Savings Trust acquired a new position in LCI Industries in the 2nd quarter valued at $410,000. Catalyst Capital Advisors LLC raised its stake in LCI Industries by 122.2% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 4,000 shares of the company’s stock valued at $410,000 after purchasing an additional 2,200 shares during the last quarter. SG Americas Securities LLC raised its stake in LCI Industries by 113.9% in the 2nd quarter. SG Americas Securities LLC now owns 4,436 shares of the company’s stock valued at $454,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in LCI Industries by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock valued at $481,000 after purchasing an additional 13 shares during the last quarter.
In other news, insider Nick C. Fletcher sold 1,617 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $105.44, for a total value of $170,496.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Scott T. Mereness acquired 3,000 shares of LCI Industries stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $94.50 per share, for a total transaction of $283,500.00. Following the completion of the transaction, the president now directly owns 204,824 shares of the company’s stock, valued at $19,355,868. The disclosure for this purchase can be found here.
Several research analysts recently commented on LCII shares. Robert W. Baird reissued a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research note on Friday, August 25th. Zacks Investment Research raised LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Wednesday, July 5th.
Shares of LCI Industries (NASDAQ:LCII) opened at 100.10 on Monday. The firm has a market capitalization of $2.50 billion and a P/E ratio of 18.08. The firm has a 50 day moving average price of $99.65 and a 200-day moving average price of $99.20. LCI Industries has a 52 week low of $80.65 and a 52 week high of $117.15.
LCI Industries (NASDAQ:LCII) last posted its earnings results on Friday, August 4th. The company reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The company had revenue of $547 million for the quarter, compared to the consensus estimate of $507.56 million. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The firm’s revenue was up 24.0% on a year-over-year basis. Equities research analysts predict that LCI Industries will post $5.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.00%.
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.
Receive News & Stock Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related stocks with our FREE daily email newsletter.