LCI Industries (LCII) CEO Sells $954,150.00 in Stock

LCI Industries (NYSE:LCII) CEO Jason Lippert sold 7,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $127.22, for a total value of $954,150.00. Following the sale, the chief executive officer now owns 151,735 shares in the company, valued at $19,303,726.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jason Lippert also recently made the following trade(s):

  • On Thursday, September 28th, Jason Lippert sold 1,610 shares of LCI Industries stock. The stock was sold at an average price of $115.25, for a total value of $185,552.50.
  • On Wednesday, September 27th, Jason Lippert sold 7,500 shares of LCI Industries stock. The stock was sold at an average price of $113.65, for a total value of $852,375.00.
  • On Friday, September 29th, Jason Lippert sold 15,000 shares of LCI Industries stock. The stock was sold at an average price of $114.80, for a total value of $1,722,000.00.

LCI Industries (NYSE LCII) opened at $129.95 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19. The stock has a market capitalization of $3,240.95, a price-to-earnings ratio of 23.16 and a beta of 1.28. LCI Industries has a one year low of $86.25 and a one year high of $131.95.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, November 16th. LCI Industries’s payout ratio is currently 39.22%.

A number of analysts have recently weighed in on LCII shares. Zacks Investment Research cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Robert W. Baird reiterated a “buy” rating and set a $115.00 price target on shares of LCI Industries in a research report on Friday, August 25th. Finally, BidaskClub upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $121.00.

A number of hedge funds and other institutional investors have recently modified their holdings of LCII. GSA Capital Partners LLP boosted its stake in shares of LCI Industries by 214.9% during the 3rd quarter. GSA Capital Partners LLP now owns 23,807 shares of the company’s stock worth $2,758,000 after acquiring an additional 16,246 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of LCI Industries during the 3rd quarter worth $302,000. California Public Employees Retirement System boosted its stake in shares of LCI Industries by 14.5% during the 3rd quarter. California Public Employees Retirement System now owns 43,285 shares of the company’s stock worth $5,015,000 after acquiring an additional 5,485 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of LCI Industries during the 3rd quarter worth $273,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of LCI Industries during the 3rd quarter worth $351,000. 99.50% of the stock is owned by hedge funds and other institutional investors.

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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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