Epoch Investment Partners Inc. Cuts Holdings in LCI Industries (LCII)

Epoch Investment Partners Inc. lessened its holdings in shares of LCI Industries (NYSE:LCII) by 0.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 413,603 shares of the company’s stock after selling 979 shares during the quarter. Epoch Investment Partners Inc. owned about 1.66% of LCI Industries worth $47,916,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Neuberger Berman Group LLC boosted its position in shares of LCI Industries by 0.8% in the second quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock valued at $169,668,000 after acquiring an additional 13,647 shares during the period. Intrust Bank NA boosted its position in shares of LCI Industries by 20.3% in the second quarter. Intrust Bank NA now owns 2,811 shares of the company’s stock valued at $288,000 after acquiring an additional 475 shares during the period. Teacher Retirement System of Texas bought a new position in shares of LCI Industries in the second quarter valued at approximately $202,000. Sei Investments Co. boosted its position in shares of LCI Industries by 2,623.4% in the second quarter. Sei Investments Co. now owns 11,983 shares of the company’s stock valued at $1,228,000 after acquiring an additional 11,543 shares during the period. Finally, Fortaleza Asset Management Inc. bought a new position in shares of LCI Industries in the second quarter valued at approximately $144,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.

In other LCI Industries news, CEO Jason Lippert sold 15,000 shares of LCI Industries stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the completion of the sale, the chief executive officer now directly owns 164,744 shares in the company, valued at $18,912,611.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jamie Schnur sold 1,100 shares of LCI Industries stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $115.46, for a total transaction of $127,006.00. Following the sale, the insider now owns 6,347 shares of the company’s stock, valued at $732,824.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,897 shares of company stock valued at $3,863,673. 3.60% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. Finally, Robert W. Baird lifted their target price on shares of LCI Industries from $115.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $121.00.

Shares of LCI Industries (NYSE LCII) traded down $1.45 during trading on Tuesday, reaching $128.50. 127,900 shares of the company’s stock traded hands, compared to its average volume of 157,482. LCI Industries has a twelve month low of $86.25 and a twelve month high of $132.00. The company has a market capitalization of $3,241.00, a price-to-earnings ratio of 23.16 and a beta of 1.28. 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 business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.20 annualized dividend and a yield of 1.71%. LCI Industries’s payout ratio is presently 39.22%.

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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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