Mutual of America Capital Management LLC Sells 354 Shares of LCI Industries (NYSE:LCII)

Mutual of America Capital Management LLC reduced its holdings in shares of LCI Industries (NYSE:LCII) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,830 shares of the company’s stock after selling 354 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LCI Industries were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its stake in LCI Industries by 4.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after acquiring an additional 90 shares during the last quarter. nVerses Capital LLC increased its position in LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after buying an additional 100 shares during the last quarter. HM Payson & Co. raised its stake in LCI Industries by 6.4% in the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after buying an additional 105 shares during the period. Hsbc Holdings PLC lifted its position in shares of LCI Industries by 2.6% in the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock valued at $417,000 after buying an additional 105 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in shares of LCI Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after buying an additional 130 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Down 0.5 %

Shares of LCI Industries stock opened at $122.53 on Thursday. The firm’s 50 day moving average is $117.58 and its 200 day moving average is $112.36. The firm has a market capitalization of $3.12 billion, a PE ratio of 23.97 and a beta of 1.41. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. During the same period last year, the company earned $1.02 earnings per share. The business’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts forecast that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $1.15 dividend. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, November 29th. LCI Industries’s dividend payout ratio is 81.71%.

Insider Activity

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Raymond James initiated coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Truist Financial increased their target price on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.