LCI Industries (LCII) Insider Nick C. Fletcher Sells 187 Shares of Stock
LCI Industries (NYSE:LCII) insider Nick C. Fletcher sold 187 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $120.80, for a total value of $22,589.60. Following the transaction, the insider now owns 278 shares in the company, valued at $33,582.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of LCI Industries (NYSE:LCII) traded up $1.15 during mid-day trading on Friday, reaching $124.05. The company had a trading volume of 59,736 shares, compared to its average volume of 157,948. The stock has a market cap of $3,090.00, a PE ratio of 21.91 and a beta of 1.27. LCI Industries has a 52 week low of $86.25 and a 52 week high of $129.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.19 and a quick ratio of 1.03.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, November 16th. LCI Industries’s dividend payout ratio is presently 39.22%.
Hedge funds have recently modified their holdings of the stock. Bruderman Asset Management LLC purchased a new stake in LCI Industries in the 2nd quarter worth approximately $122,000. Mountain Capital Investment Advisors Inc purchased a new stake in LCI Industries in the 2nd quarter worth approximately $124,000. Riverhead Capital Management LLC lifted its holdings in LCI Industries by 74.9% in the 2nd 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 period. Fortaleza Asset Management Inc. purchased a new stake in LCI Industries in the 2nd quarter worth approximately $144,000. Finally, Zions Bancorporation purchased a new stake in LCI Industries in the 3rd quarter worth approximately $187,000. Institutional investors own 97.44% of the company’s stock.
Several equities research analysts recently weighed in on LCII shares. Robert W. Baird restated a “buy” rating and set a $115.00 target price on shares of LCI Industries in a report on Thursday, September 28th. Zacks Investment Research cut LCI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Finally, BidaskClub upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $121.00.
COPYRIGHT VIOLATION NOTICE: This article was reported by Daily Political and is owned by of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/11/24/lci-industries-lcii-insider-nick-c-fletcher-sells-187-shares-of-stock.html.
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.
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.