LCI Industries (NYSE:LCII) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its stake in shares of LCI Industries (NYSE:LCIIFree Report) by 13.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,240 shares of the company’s stock after selling 511 shares during the quarter. New York Life Investment Management LLC’s holdings in LCI Industries were worth $380,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of LCI Industries by 69.1% during the 2nd quarter. CWM LLC now owns 230 shares of the company’s stock valued at $29,000 after acquiring an additional 94 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of LCI Industries during the 2nd quarter worth approximately $28,000. Covestor Ltd increased its stake in shares of LCI Industries by 85.3% during the 1st quarter. Covestor Ltd now owns 417 shares of the company’s stock worth $43,000 after purchasing an additional 192 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of LCI Industries by 22.9% during the 2nd quarter. Bessemer Group Inc. now owns 822 shares of the company’s stock worth $104,000 after purchasing an additional 153 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in LCI Industries in the 2nd quarter worth approximately $93,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Transactions at LCI Industries

In related news, Director Brendan Deely sold 2,750 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $116.31, for a total transaction of $319,852.50. Following the completion of the sale, the director now directly owns 11,629 shares of the company’s stock, valued at $1,352,568.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $105.00 to $100.00 in a research note on Monday, January 22nd. Roth Mkm lowered their target price on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. TheStreet cut shares of LCI Industries from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Finally, Truist Financial reissued a “hold” rating and set a $110.00 price objective (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.50.

View Our Latest Stock Report on LCII

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $114.70 on Monday. The firm has a market cap of $2.91 billion, a PE ratio of 59.12 and a beta of 1.38. The firm’s 50-day simple moving average is $119.23 and its 200-day simple moving average is $118.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 2.97. LCI Industries has a 1 year low of $100.25 and a 1 year high of $137.07.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, November 30th. LCI Industries’s dividend payout ratio is currently 216.50%.

About LCI Industries

(Free Report)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; air conditioners; televisions and sound systems; tankless water heaters; towing products; truck accessories; and other accessories.

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

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