Dimensional Fund Advisors LP Has $77.77 Million Position in LCI Industries (LCII)
Dimensional Fund Advisors LP boosted its holdings in LCI Industries (NYSE:LCII) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 671,293 shares of the company’s stock after purchasing an additional 21,314 shares during the period. Dimensional Fund Advisors LP owned about 2.69% of LCI Industries worth $77,768,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Bruderman Asset Management LLC bought a new position in LCI Industries in the second quarter valued at $122,000. Mountain Capital Investment Advisors Inc bought a new position in shares of LCI Industries in the 2nd quarter valued at about $124,000. Riverhead Capital Management LLC grew its position in shares of LCI Industries by 74.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after acquiring an additional 599 shares during the period. Pitcairn Co. bought a new position in shares of LCI Industries in the 3rd quarter valued at about $200,000. Finally, LSV Asset Management bought a new position in shares of LCI Industries in the 2nd quarter valued at about $194,000. 97.69% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Jason Lippert sold 15,000 shares of LCI Industries stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the completion of the sale, the chief executive officer now owns 164,744 shares of the company’s stock, valued at approximately $18,912,611.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jamie Schnur sold 1,100 shares of LCI Industries stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $115.46, for a total transaction of $127,006.00. Following the sale, the insider now directly owns 6,347 shares of the company’s stock, valued at approximately $732,824.62. The disclosure for this sale can be found here. Insiders have sold a total of 36,697 shares of company stock valued at $4,351,175 in the last ninety days. 3.60% of the stock is currently owned by insiders.
Shares of LCI Industries (NYSE:LCII) opened at $128.85 on Monday. The company has a market cap of $3,230.00, a PE ratio of 22.97 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19. LCI Industries has a twelve month low of $86.25 and a twelve month high of $132.70.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, November 16th. LCI Industries’s payout ratio is 39.22%.
LCII has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on shares of LCI Industries from $115.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, BidaskClub raised shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $119.00.
TRADEMARK VIOLATION WARNING: “Dimensional Fund Advisors LP Has $77.77 Million Position in LCI Industries (LCII)” was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://theolympiareport.com/2017/12/25/dimensional-fund-advisors-lp-has-77-77-million-position-in-lci-industries-lcii.html.
LCI Industries 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.
Want to see what other hedge funds are holding LCII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LCI Industries (NYSE:LCII).
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.