Jason Lippert Sells 7,500 Shares of LCI Industries (LCII) Stock

LCI Industries (NYSE:LCII) CEO Jason Lippert sold 7,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $127.22, for a total value of $954,150.00. Following the completion of the transaction, the chief executive officer now directly owns 151,735 shares in the company, valued at $19,303,726.70. The sale was disclosed in a filing with the SEC, which is available through this link.

Jason Lippert also recently made the following trade(s):

  • On Thursday, September 28th, Jason Lippert sold 1,610 shares of LCI Industries stock. The shares were sold at an average price of $115.25, for a total value of $185,552.50.
  • On Wednesday, September 27th, Jason Lippert sold 7,500 shares of LCI Industries stock. The shares were sold at an average price of $113.65, for a total value of $852,375.00.
  • On Friday, September 29th, Jason Lippert sold 15,000 shares of LCI Industries stock. The shares were sold at an average price of $114.80, for a total value of $1,722,000.00.

Shares of LCI Industries (LCII) traded up $0.75 during mid-day trading on Thursday, hitting $130.90. The company had a trading volume of 126,663 shares, compared to its average volume of 157,655. The company has a current ratio of 2.19, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. LCI Industries has a twelve month low of $86.25 and a twelve month high of $131.50. The company has a market cap of $3,201.10, a P/E ratio of 22.88 and a beta of 1.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.20 annualized dividend and a dividend yield of 1.68%. LCI Industries’s dividend payout ratio is currently 39.22%.

A number of research firms have recently weighed in on LCII. BidaskClub upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Robert W. Baird upped their target price on LCI Industries from $115.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $121.00.

Hedge funds have recently made changes to their positions in the stock. Bruderman Asset Management LLC bought a new stake in shares of LCI Industries during the 2nd quarter worth $122,000. Mountain Capital Investment Advisors Inc bought a new position in LCI Industries in the second quarter valued at about $124,000. Riverhead Capital Management LLC raised its position in LCI Industries by 74.9% in the second quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after purchasing an additional 599 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in LCI Industries in the second quarter valued at about $144,000. Finally, Zions Bancorporation bought a new position in LCI Industries in the third quarter valued at about $187,000. Institutional investors and hedge funds own 99.50% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Jason Lippert Sells 7,500 Shares of LCI Industries (LCII) Stock” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/11/30/jason-lippert-sells-7500-shares-of-lci-industries-lcii-stock.html.

About LCI Industries

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.

Insider Buying and Selling by Quarter 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.

Leave a Reply