LCI Industries (NYSE:LCII) Director James Gero sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.38, for a total value of $723,970.00. Following the transaction, the director now owns 226,549 shares in the company, valued at approximately $25,233,027.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of LCI Industries (NYSE LCII) opened at $111.00 on Wednesday. The firm has a market capitalization of $2,851.93, a P/E ratio of 21.18 and a beta of 0.99. The company has a quick ratio of 0.78, a current ratio of 2.29 and a debt-to-equity ratio of 0.08. LCI Industries has a fifty-two week low of $86.25 and a fifty-two week high of $132.73.
LCI Industries (NYSE:LCII) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.09. The business had revenue of $547.14 million for the quarter, compared to analysts’ expectations of $511.36 million. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. The company’s revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. analysts expect that LCI Industries will post 8.1 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new stake in shares of LCI Industries in the 4th quarter worth approximately $346,000. Handelsbanken Fonder AB grew its holdings in LCI Industries by 18.5% during the 4th quarter. Handelsbanken Fonder AB now owns 320,010 shares of the company’s stock valued at $41,601,000 after buying an additional 50,010 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in LCI Industries by 22.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 11,669 shares of the company’s stock valued at $1,516,000 after buying an additional 2,106 shares during the last quarter. We Are One Seven LLC acquired a new stake in LCI Industries during the 4th quarter valued at $255,000. Finally, MetLife Investment Advisors LLC acquired a new stake in LCI Industries during the 4th quarter valued at $1,402,000. Institutional investors and hedge funds own 96.74% of the company’s stock.
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LCI Industries Company Profile
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.
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