Summit Global Investments bought a new stake in shares of LCI Industries (NASDAQ:LCII) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,200 shares of the company’s stock, valued at approximately $532,000.
Several other large investors have also recently bought and sold shares of the company. Alps Advisors Inc. increased its holdings in shares of LCI Industries by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock valued at $481,000 after purchasing an additional 13 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of LCI Industries by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 12,998 shares of the company’s stock valued at $1,331,000 after purchasing an additional 100 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of LCI Industries by 1.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 14,301 shares of the company’s stock valued at $1,464,000 after purchasing an additional 180 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of LCI Industries by 1.4% during the 2nd quarter. Texas Permanent School Fund now owns 18,183 shares of the company’s stock valued at $1,862,000 after purchasing an additional 259 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of LCI Industries by 13.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,112 shares of the company’s stock valued at $319,000 after purchasing an additional 370 shares in the last quarter.
In related news, insider Nick C. Fletcher sold 1,617 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $105.44, for a total transaction of $170,496.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Reed sold 2,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $101.29, for a total value of $202,580.00. The disclosure for this sale can be found here.
LCI Industries (NASDAQ LCII) traded down 0.39% during trading on Tuesday, hitting $101.65. 7,909 shares of the stock traded hands. LCI Industries has a 12 month low of $80.65 and a 12 month high of $117.15. The stock has a market cap of $2.53 billion and a P/E ratio of 18.36. The firm’s 50-day moving average is $99.58 and its 200-day moving average is $98.95.
LCI Industries (NASDAQ:LCII) last issued its quarterly earnings results on Friday, August 4th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.03. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The firm had revenue of $547 million during the quarter, compared to the consensus estimate of $507.56 million. LCI Industries’s quarterly revenue was up 24.0% on a year-over-year basis. On average, analysts forecast that LCI Industries will post $5.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Wednesday, August 16th.
Several equities analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 target price on shares of LCI Industries in a report on Friday, August 25th. Zacks Investment Research lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th.
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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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