Jason Lippert Sells 15,000 Shares of LCI Industries (LCII) Stock
LCI Industries (NASDAQ:LCII) CEO Jason Lippert sold 15,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the completion of the transaction, the chief executive officer now directly owns 164,744 shares of the company’s stock, valued at approximately $18,912,611.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Jason Lippert also recently made the following trade(s):
- On Thursday, September 28th, Jason Lippert sold 1,610 shares of LCI Industries stock. The shares were sold at an average price of $115.25, for a total transaction of $185,552.50.
- On Wednesday, September 27th, Jason Lippert sold 7,500 shares of LCI Industries stock. The shares were sold at an average price of $113.65, for a total transaction of $852,375.00.
Shares of LCI Industries (NASDAQ LCII) opened at 115.85 on Friday. The company has a market cap of $2.89 billion and a P/E ratio of 20.92. LCI Industries has a 52 week low of $80.65 and a 52 week high of $117.15. The firm has a 50-day moving average of $99.60 and a 200 day moving average of $98.75.
LCI Industries (NASDAQ:LCII) last announced its quarterly earnings data on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The company had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $507.56 million. The company’s quarterly revenue was up 24.0% on a year-over-year basis. Equities analysts expect that LCI Industries will post $5.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 16th. This represents a $2.00 annualized dividend and a yield of 1.73%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in LCII. Epoch Investment Partners Inc. purchased a new stake in LCI Industries during the 2nd quarter valued at about $42,453,000. Royal Bank of Canada grew its stake in LCI Industries by 65.4% during the 2nd quarter. Royal Bank of Canada now owns 826,484 shares of the company’s stock valued at $84,633,000 after acquiring an additional 326,926 shares in the last quarter. Marshall Wace North America L.P. grew its stake in LCI Industries by 64.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 274,898 shares of the company’s stock valued at $28,039,000 after acquiring an additional 107,336 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of LCI Industries by 30.8% in the 2nd quarter. Victory Capital Management Inc. now owns 397,152 shares of the company’s stock valued at $40,668,000 after buying an additional 93,465 shares during the period. Finally, Rice Hall James & Associates LLC grew its stake in shares of LCI Industries by 42.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 300,416 shares of the company’s stock valued at $30,763,000 after buying an additional 89,189 shares during the period.
A number of brokerages recently commented on LCII. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price target on shares of LCI Industries in a report on Thursday. BidaskClub raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. Finally, Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. LCI Industries has a consensus rating of “Hold” and a consensus target price of $112.33.
About LCI Industries
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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