Scott T. Mereness Buys 1,500 Shares of LCI Industries (LCII) Stock

LCI Industries (NYSE:LCII) President Scott T. Mereness purchased 1,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $114.00 per share, for a total transaction of $171,000.00. Following the completion of the purchase, the president now directly owns 207,824 shares of the company’s stock, valued at approximately $23,691,936. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

LCI Industries (NYSE:LCII) opened at $116.25 on Wednesday. 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 company has a market cap of $2,880.61, a price-to-earnings ratio of 20.59 and a beta of 1.28. LCI Industries has a 1 year low of $86.25 and a 1 year high of $129.20.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, November 16th. LCI Industries’s payout ratio is 35.65%.

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A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Robert W. Baird increased their target price on shares of LCI Industries from $115.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $121.00.

A number of institutional investors have recently bought and sold shares of LCII. Bruderman Asset Management LLC acquired a new position in LCI Industries during the second quarter worth $122,000. Mountain Capital Investment Advisors Inc acquired a new position in LCI Industries during the second quarter worth $124,000. Riverhead Capital Management LLC increased its position in LCI Industries by 74.9% during the second quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock worth $143,000 after buying an additional 599 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in LCI Industries during the second quarter worth $144,000. Finally, Zions Bancorporation acquired a new position in LCI Industries during the third quarter worth $187,000. 98.95% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for LCI Industries (NYSE:LCII)

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