Rice Hall James & Associates LLC Sells 675 Shares of LCI Industries (NYSE:LCII)

Rice Hall James & Associates LLC cut its stake in shares of LCI Industries (NYSE:LCII) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 99,920 shares of the company’s stock after selling 675 shares during the period. Rice Hall James & Associates LLC’s holdings in LCI Industries were worth $10,331,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after buying an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries in the third quarter valued at about $49,000. Aubrey Capital Management Ltd bought a new position in shares of LCI Industries in the third quarter valued at about $208,000. Crossmark Global Holdings Inc. bought a new position in shares of LCI Industries in the third quarter valued at about $219,000. Finally, MML Investors Services LLC bought a new position in shares of LCI Industries in the third quarter valued at about $260,000. 99.71% of the stock is owned by institutional investors.

LCI Industries Stock Performance

Shares of NYSE:LCII opened at $110.42 on Tuesday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.44. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $105.84 and a two-hundred day moving average price of $112.81.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. Equities analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Wednesday, February 12th. Truist Financial boosted their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average price target of $121.50.

About LCI Industries

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.