Jason Lippert Sells 7,500 Shares of LCI Industries (LCII) Stock
LCI Industries (NASDAQ:LCII) CEO Jason Lippert sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $113.65, for a total transaction of $852,375.00. Following the sale, the chief executive officer now owns 164,744 shares of the company’s stock, valued at $18,723,155.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $115.25, for a total transaction of $185,552.50.
- On Friday, September 29th, Jason Lippert sold 15,000 shares of LCI Industries stock. The stock was sold at an average price of $114.80, for a total transaction of $1,722,000.00.
Shares of LCI Industries (NASDAQ:LCII) opened at 115.85 on Friday. LCI Industries has a 52-week low of $80.65 and a 52-week high of $117.15. The firm has a market capitalization of $2.89 billion and a PE ratio of 20.92. The company’s 50-day moving average is $99.60 and its 200 day moving average is $98.75.
LCI Industries (NASDAQ:LCII) last posted its quarterly earnings data on Friday, August 4th. The company reported $1.59 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $507.56 million. The business’s quarterly revenue was up 24.0% on a year-over-year basis. Equities analysts expect that LCI Industries will post $5.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Wednesday, August 16th.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of LCI Industries by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,118,153 shares of the company’s stock valued at $216,899,000 after acquiring an additional 39,620 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of LCI Industries by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock valued at $169,668,000 after acquiring an additional 13,647 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of LCI Industries by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 828,459 shares of the company’s stock valued at $84,834,000 after acquiring an additional 3,418 shares during the last quarter. Royal Bank of Canada increased its stake in shares of 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 during the last quarter. Finally, Boston Partners increased its stake in shares of LCI Industries by 2.1% during the 2nd quarter. Boston Partners now owns 729,159 shares of the company’s stock valued at $74,666,000 after acquiring an additional 15,308 shares during the last quarter.
Several equities research analysts recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $115.00 price objective on shares of LCI Industries in a research report on Thursday. BidaskClub upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. Finally, Zacks Investment Research cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average 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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