LCI Industries (LCII) Shares Sold by Comerica Bank

Comerica Bank lessened its stake in shares of LCI Industries (NYSE:LCII) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,011 shares of the company’s stock after selling 6,555 shares during the period. Comerica Bank’s holdings in LCI Industries were worth $4,748,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Boston Partners raised its stake in shares of LCI Industries by 2.4% during the third quarter. Boston Partners now owns 746,784 shares of the company’s stock valued at $86,515,000 after acquiring an additional 17,625 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of LCI Industries by 723.3% during the fourth quarter. Congress Asset Management Co. MA now owns 689,686 shares of the company’s stock valued at $89,659,000 after acquiring an additional 605,911 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LCI Industries by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 671,293 shares of the company’s stock valued at $77,768,000 after acquiring an additional 21,314 shares in the last quarter. State Street Corp raised its stake in shares of LCI Industries by 2.2% during the second quarter. State Street Corp now owns 594,465 shares of the company’s stock valued at $60,871,000 after acquiring an additional 12,737 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 391,140 shares of the company’s stock valued at $50,849,000 after acquiring an additional 9,025 shares in the last quarter. 99.96% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on LCII shares. BidaskClub downgraded shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 4th. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price target on shares of LCI Industries in a research note on Friday, December 22nd. Zacks Investment Research raised shares of LCI Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Northcoast Research assumed coverage on shares of LCI Industries in a research note on Friday, January 26th. They issued a “sell” rating and a $94.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $117.50.

In related news, insider Jamie Schnur sold 3,800 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $128.29, for a total value of $487,502.00. Following the completion of the transaction, the insider now owns 3,829 shares of the company’s stock, valued at $491,222.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Lippert sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $127.22, for a total transaction of $954,150.00. Following the completion of the transaction, the chief executive officer now directly owns 151,735 shares of the company’s stock, valued at approximately $19,303,726.70. The disclosure for this sale can be found here. Insiders sold 11,487 shares of company stock valued at $1,464,242 in the last three months. 3.60% of the stock is currently owned by insiders.

LCI Industries (NYSE:LCII) opened at $118.00 on Thursday. The company has a market cap of $2,916.78, a P/E ratio of 22.52 and a beta of 0.99. LCI Industries has a 12 month low of $86.25 and a 12 month high of $132.73. The company has a quick ratio of 0.78, a current ratio of 2.29 and a debt-to-equity ratio of 0.08.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.09. The company had revenue of $547.14 million during the quarter, compared to the consensus estimate of $511.36 million. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. LCI Industries’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share. analysts forecast that LCI Industries will post 8.1 EPS for the current fiscal year.

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

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