Apollon Wealth Management LLC Purchases 461 Shares of LCI Industries (NYSE:LCII)

Apollon Wealth Management LLC grew its position in shares of LCI Industries (NYSE:LCII) by 15.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,432 shares of the company’s stock after buying an additional 461 shares during the quarter. Apollon Wealth Management LLC’s holdings in LCI Industries were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Strategic Financial Concepts LLC purchased a new stake in shares of LCI Industries during the 4th quarter worth approximately $28,000. Conestoga Capital Advisors LLC increased its stake in shares of LCI Industries by 1.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 165,716 shares of the company’s stock worth $17,133,000 after purchasing an additional 2,710 shares during the last quarter. Blue Trust Inc. increased its stake in shares of LCI Industries by 60.2% during the 4th quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after purchasing an additional 234 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of LCI Industries by 10.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,142 shares of the company’s stock worth $1,669,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Argent Capital Management LLC increased its stake in shares of LCI Industries by 38.7% during the 4th quarter. Argent Capital Management LLC now owns 3,092 shares of the company’s stock worth $320,000 after purchasing an additional 863 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LCII shares. Truist Financial raised their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.20.

LCI Industries Stock Up 0.5 %

LCI Industries stock opened at $109.64 on Friday. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.33 and a beta of 1.44. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The firm has a 50 day simple moving average of $106.31 and a 200 day simple moving average of $112.93.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. On average, analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

Insider Activity

In other news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company’s stock.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.