LCI Industries (LCII) Holdings Decreased by Neuberger Berman Group LLC
Neuberger Berman Group LLC lessened its holdings in shares of LCI Industries (NYSE:LCII) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,608,322 shares of the company’s stock after selling 48,589 shares during the quarter. Neuberger Berman Group LLC owned approximately 6.45% of LCI Industries worth $186,324,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Bruderman Asset Management LLC purchased a new position in shares of LCI Industries in the 2nd quarter worth $122,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of LCI Industries in the 2nd quarter worth $124,000. Riverhead Capital Management LLC raised its position in shares of LCI Industries by 74.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock worth $143,000 after buying an additional 599 shares during the period. Fortaleza Asset Management Inc. purchased a new position in shares of LCI Industries in the 2nd quarter worth $144,000. Finally, Zions Bancorporation purchased a new position in shares of LCI Industries in the 3rd quarter worth $187,000. 99.56% of the stock is currently owned by institutional investors.
LCI Industries (NYSE LCII) traded up $3.40 during trading hours on Thursday, reaching $127.85. The company’s stock had a trading volume of 138,000 shares, compared to its average volume of 156,341. The company has a quick ratio of 1.03, a current ratio of 2.19 and a debt-to-equity ratio of 0.08. LCI Industries has a one year low of $86.25 and a one year high of $132.00. The stock has a market capitalization of $3,103.83, a price-to-earnings ratio of 22.18 and a beta of 1.28.
LCII has been the topic of several research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a research report on Friday, August 25th. Zacks Investment Research lowered LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, BidaskClub raised LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. LCI Industries presently has an average rating of “Buy” and a consensus price target of $121.00.
In related news, President Scott T. Mereness acquired 1,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $114.00 per share, with a total value of $171,000.00. Following the completion of the transaction, the president now directly owns 207,824 shares of the company’s stock, valued at approximately $23,691,936. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Lippert sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $113.65, for a total value of $852,375.00. Following the completion of the transaction, the chief executive officer now directly owns 164,744 shares in the company, valued at $18,723,155.60. The disclosure for this sale can be found here. Insiders sold 36,697 shares of company stock worth $4,351,175 over the last three months. 3.60% of the stock is currently owned by corporate insiders.
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LCI Industries 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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