First Mercantile Trust Co. lifted its holdings in LCI Industries (NYSE:LCII) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,353 shares of the company’s stock after purchasing an additional 553 shares during the quarter. First Mercantile Trust Co.’s holdings in LCI Industries were worth $306,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement Association of Colorado purchased a new position in LCI Industries during the fourth quarter worth $170,000. Everence Capital Management Inc. purchased a new position in LCI Industries during the fourth quarter worth $221,000. US Bancorp DE boosted its stake in LCI Industries by 119.3% during the fourth quarter. US Bancorp DE now owns 29,160 shares of the company’s stock worth $3,791,000 after buying an additional 15,863 shares during the period. Summit Securities Group LLC purchased a new position in LCI Industries during the fourth quarter worth $299,000. Finally, Victory Capital Management Inc. boosted its stake in LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 391,140 shares of the company’s stock worth $50,849,000 after buying an additional 9,025 shares during the period. 99.96% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on the stock. Northcoast Research assumed coverage on shares of LCI Industries in a research note on Friday, January 26th. They set a “sell” rating and a $94.00 price objective for the company. Zacks Investment Research raised shares of LCI Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price objective on shares of LCI Industries in a research note on Friday, December 22nd. Finally, BidaskClub lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. One equities research 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. LCI Industries presently has a consensus rating of “Hold” and an average target price of $112.75.

In other news, insider Jamie Schnur sold 3,800 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $128.29, for a total transaction of $487,502.00. Following the completion of the sale, the insider now directly owns 3,829 shares of the company’s stock, valued at $491,222.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Lippert sold 7,500 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $127.22, for a total transaction of $954,150.00. Following the sale, the chief executive officer now directly owns 151,735 shares of the company’s stock, valued at $19,303,726.70. The disclosure for this sale can be found here. Insiders have sold 11,487 shares of company stock valued at $1,464,242 over the last three months. Insiders own 3.60% of the company’s stock.

Shares of LCI Industries (NYSE LCII) opened at $116.95 on Tuesday. The stock has a market cap of $2,860.66, a price-to-earnings ratio of 19.91 and a beta of 0.99. LCI Industries has a one year low of $86.25 and a one year high of $132.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 2.29.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.09. The firm had revenue of $547.14 million during the quarter, compared to analyst estimates of $511.36 million. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. The business’s revenue was up 35.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 earnings per share. sell-side analysts predict that LCI Industries will post 6.6 EPS for the current fiscal year.

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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.

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

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