Crossmark Global Holdings Inc. Invests $794,000 in LCI Industries (LCII)
Crossmark Global Holdings Inc. purchased a new stake in LCI Industries (NASDAQ:LCII) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,850 shares of the company’s stock, valued at approximately $794,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC acquired a new stake in shares of LCI Industries in the 2nd quarter valued at about $122,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of LCI Industries in the 2nd quarter valued at about $124,000. Riverhead Capital Management LLC raised its stake in shares of LCI Industries by 74.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after purchasing an additional 599 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of LCI Industries in the 2nd quarter valued at about $144,000. Finally, LSV Asset Management acquired a new stake in shares of LCI Industries in the 2nd quarter valued at about $194,000.
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Shares of LCI Industries (LCII) opened at $115.50 on Tuesday. LCI Industries has a 12 month low of $86.25 and a 12 month high of $129.20.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.55 dividend. This is a boost from LCI Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.20 annualized dividend and a dividend yield of 1.90%.
In other news, insider Jamie Schnur sold 1,100 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $115.46, for a total value of $127,006.00. Following the completion of the transaction, the insider now owns 6,347 shares in the company, valued at approximately $732,824.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason Lippert sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $113.65, for a total value of $852,375.00. Following the completion of the transaction, the chief executive officer now owns 164,744 shares of the company’s stock, valued at approximately $18,723,155.60. The disclosure for this sale can be found here. Insiders sold a total of 25,210 shares of company stock valued at $2,886,934 in the last 90 days.
Several research firms have issued reports on LCII. BidaskClub raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Saturday, September 16th. Zacks Investment Research downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Robert W. Baird reissued a “buy” rating and issued a $115.00 price target on shares of LCI Industries in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $114.67.
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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