Jane Street Group LLC Decreases Stake in LCI Industries (NYSE:LCII)

Jane Street Group LLC cut its stake in LCI Industries (NYSE:LCII - Free Report) by 97.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,520 shares of the company's stock after selling 2,165,664 shares during the quarter. Jane Street Group LLC owned approximately 0.26% of LCI Industries worth $7,898,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in shares of LCI Industries during the second quarter valued at approximately $438,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of LCI Industries during the second quarter worth approximately $529,000. Charles Schwab Investment Management Inc. raised its stake in LCI Industries by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company's stock valued at $49,575,000 after purchasing an additional 29,192 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in LCI Industries by 5,533.7% in the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company's stock valued at $1,250,000 after purchasing an additional 10,182 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company's stock worth $47,000 after purchasing an additional 361 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Trading Down 1.5 %

LCII stock traded down $1.72 during trading on Friday, reaching $115.76. 180,621 shares of the stock were exchanged, compared to its average volume of 225,657. 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 firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 22.52 and a beta of 1.41. The business has a 50 day moving average price of $117.38 and a 200-day moving average price of $113.11. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly 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. The firm had revenue of $915.50 million for the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.02 EPS. On average, research analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, November 29th. This is a boost from LCI Industries's previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.97%. LCI Industries's dividend payout ratio is currently 89.49%.

Insider Buying and Selling

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LCII shares. Truist Financial increased their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a "hold" rating in a research report on Friday, September 20th. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Finally, Raymond James initiated coverage on LCI Industries in a report on Tuesday, October 1st. They set a "market perform" rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $112.20.

LCI Industries 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.