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

New York Life Investment Management LLC lessened its holdings in LCI Industries (NYSE:LCIIFree Report) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,240 shares of the company’s stock after selling 511 shares during the period. New York Life Investment Management LLC’s holdings in LCI Industries were worth $380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its stake in LCI Industries by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,174 shares of the company’s stock valued at $952,000 after purchasing an additional 658 shares during the period. US Bancorp DE lifted its stake in shares of LCI Industries by 22.1% during the first quarter. US Bancorp DE now owns 6,617 shares of the company’s stock valued at $687,000 after buying an additional 1,198 shares during the period. HighTower Advisors LLC purchased a new position in shares of LCI Industries during the first quarter valued at approximately $342,000. PNC Financial Services Group Inc. increased its position in LCI Industries by 42.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,650 shares of the company’s stock worth $482,000 after purchasing an additional 1,382 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in LCI Industries by 54.0% during the first quarter. MetLife Investment Management LLC now owns 13,198 shares of the company’s stock worth $1,370,000 after purchasing an additional 4,628 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on LCII

LCI Industries Stock Up 1.7 %

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

LCI Industries Announces Dividend

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

Insider Buying and Selling at LCI Industries

In other LCI Industries news, Director Brendan Deely sold 2,750 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $116.31, for a total transaction of $319,852.50. Following the transaction, the director now owns 11,629 shares of the company’s stock, valued at approximately $1,352,568.99. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

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.

Further Reading

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

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