Sheets Smith Wealth Management lowered its stake in LCI Industries (NYSE:LCII) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,360 shares of the company’s stock after selling 750 shares during the period. Sheets Smith Wealth Management’s holdings in LCI Industries were worth $1,217,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC purchased a new position in LCI Industries during the second quarter valued at $122,000. Mountain Capital Investment Advisors Inc purchased a new position in LCI Industries during the second quarter valued at $124,000. Riverhead Capital Management LLC lifted its position in LCI Industries by 74.9% during the second quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after buying an additional 599 shares during the period. Zions Bancorporation purchased a new position in LCI Industries during the third quarter valued at $187,000. Finally, LSV Asset Management purchased a new position in LCI Industries during the second quarter valued at $194,000. Institutional investors and hedge funds own 97.69% of the company’s stock.

LCI Industries (NYSE:LCII) traded down $2.15 on Friday, hitting $126.40. The stock had a trading volume of 108,467 shares, compared to its average volume of 98,744. The company has a current ratio of 2.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3,140.00, a price-to-earnings ratio of 22.53 and a beta of 1.28. LCI Industries has a 12-month low of $86.25 and a 12-month high of $132.73.

Several equities analysts have commented on the company. BidaskClub lowered LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $135.00 price objective on shares of LCI Industries in a research report on Friday, December 22nd. Finally, Zacks Investment Research raised LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $119.00.

In other news, insider Jamie Schnur sold 3,800 shares of LCI Industries stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $128.29, for a total value of $487,502.00. Following the completion of the transaction, the insider now owns 3,829 shares of the company’s stock, valued at approximately $491,222.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jason Lippert sold 7,500 shares of LCI Industries stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $127.22, for a total value of $954,150.00. Following the completion of the transaction, the chief executive officer now directly owns 151,735 shares of the company’s stock, valued at approximately $19,303,726.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,487 shares of company stock valued at $1,464,242. 3.60% of the stock is owned by insiders.

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

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