Nordea Investment Management AB lifted its stake in LCI Industries (NYSE:LCII) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,514 shares of the company’s stock after buying an additional 1,245 shares during the period. Nordea Investment Management AB owned approximately 0.08% of LCI Industries worth $2,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bruderman Asset Management LLC purchased a new position in LCI Industries in the second quarter valued at about $122,000. Mountain Capital Investment Advisors Inc purchased a new position in LCI Industries in the second quarter valued at about $124,000. Riverhead Capital Management LLC boosted its holdings in LCI Industries by 74.9% in the second quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after purchasing an additional 599 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new position in LCI Industries in the second quarter valued at about $144,000. Finally, LSV Asset Management purchased a new position in LCI Industries in the second quarter valued at about $194,000. 99.56% of the stock is owned by institutional investors.

Shares of LCI Industries (LCII) traded down $0.75 during midday trading on Wednesday, reaching $127.75. The company’s stock had a trading volume of 88,100 shares, compared to its average volume of 157,185. LCI Industries has a 12-month low of $86.25 and a 12-month high of $132.00. The firm has a market capitalization of $3,204.84, a PE ratio of 22.91 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.19 and a quick ratio of 1.03.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, November 16th. LCI Industries’s payout ratio is currently 39.22%.

LCII has been the subject of a number of analyst reports. Robert W. Baird reissued a “buy” rating and issued a $115.00 price target on shares of LCI Industries in a report on Friday, August 25th. Zacks Investment Research cut LCI Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, BidaskClub upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. LCI Industries currently has a consensus rating of “Buy” and a consensus price target of $121.00.

In other news, CEO Jason Lippert sold 7,500 shares of the stock in a transaction that occurred on 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 directly owns 164,744 shares in the company, valued at approximately $18,723,155.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jamie Schnur sold 1,100 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $115.46, for a total value of $127,006.00. Following the sale, the insider now owns 6,347 shares in the company, valued at $732,824.62. The disclosure for this sale can be found here. Insiders have sold 32,897 shares of company stock worth $3,863,673 in the last 90 days. 3.60% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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