LCI Industries (NYSE:LCII) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “LCI Industries is a supplier of components to the recreational vehicle and manufactured housing industries as well as adjacent industries including bus, cargo and equestrian trailer, marine and heavy truck. The company’s product portfolio includes awnings, suspension enhancement, chassis, doors and laminates, electronics, interior, software and apps, windows and glass, thermoformed bath and kitchen products. LCI Industries, formerly known as formerly Drew Industries Incorporated, is based in Elkhart, Indiana. “
Other analysts have also issued research reports about the stock. BidaskClub raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.00.
In other news, CEO Jason Lippert sold 7,500 shares of LCI Industries stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $127.22, for a total value of $954,150.00. Following the completion of the transaction, the chief executive officer now owns 151,735 shares in the company, valued at $19,303,726.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jamie Schnur sold 1,100 shares of LCI Industries stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $115.46, for a total transaction of $127,006.00. Following the completion of the transaction, the insider now owns 6,347 shares of the company’s stock, valued at approximately $732,824.62. The disclosure for this sale can be found here. Insiders sold 32,897 shares of company stock valued at $3,863,673 in the last quarter. Corporate insiders own 3.60% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. GSA Capital Partners LLP grew its stake in LCI Industries by 214.9% during the third quarter. GSA Capital Partners LLP now owns 23,807 shares of the company’s stock valued at $2,758,000 after acquiring an additional 16,246 shares in the last quarter. Cetera Advisors LLC purchased a new position in LCI Industries during the third quarter valued at approximately $302,000. California Public Employees Retirement System grew its stake in LCI Industries by 14.5% during the third quarter. California Public Employees Retirement System now owns 43,285 shares of the company’s stock valued at $5,015,000 after acquiring an additional 5,485 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in LCI Industries during the third quarter valued at approximately $273,000. Finally, Highbridge Capital Management LLC purchased a new position in LCI Industries during the third quarter valued at approximately $351,000. 99.56% of the stock is owned by 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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