LCI Industries (NYSE:LCII) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in LCI Industries (NYSE:LCII - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,035,096 shares of the company's stock after selling 129,815 shares during the quarter. Pacer Advisors Inc. owned about 4.07% of LCI Industries worth $107,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company's stock valued at $64,000 after purchasing an additional 234 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in LCI Industries by 10.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,142 shares of the company's stock worth $1,669,000 after buying an additional 1,561 shares during the last quarter. Argent Capital Management LLC increased its stake in shares of LCI Industries by 38.7% in the 4th quarter. Argent Capital Management LLC now owns 3,092 shares of the company's stock worth $320,000 after acquiring an additional 863 shares during the last quarter. Private Client Services LLC purchased a new position in shares of LCI Industries during the 4th quarter worth $871,000. Finally, Nordea Investment Management AB acquired a new position in shares of LCI Industries during the 4th quarter valued at about $2,394,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Buying and Selling

In related news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by corporate insiders.

LCI Industries Trading Up 2.7 %

NYSE LCII traded up $2.81 during trading hours on Monday, reaching $108.69. The company had a trading volume of 267,145 shares, compared to its average volume of 224,009. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The stock has a market capitalization of $2.77 billion, a P/E ratio of 21.15 and a beta of 1.44. The stock has a 50-day moving average of $110.36 and a 200 day moving average of $113.60. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping 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 period in the prior year, the business posted $1.02 EPS. As a group, research analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from LCI Industries's previous quarterly dividend of $1.05. LCI Industries's payout ratio is currently 89.49%.

Analyst Ratings Changes

LCII has been the subject of several recent analyst reports. Truist Financial cut their price objective on shares of LCI Industries from $108.00 to $102.00 and set a "hold" rating for the company in a research report on Tuesday, January 7th. StockNews.com downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Sunday, January 12th. Finally, Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $113.75.

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.