Arizona State Retirement System Sells 123 Shares of LCI Industries (NYSE:LCII)

Arizona State Retirement System lessened its stake in LCI Industries (NYSE:LCII) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,080 shares of the company’s stock after selling 123 shares during the quarter. Arizona State Retirement System’s holdings in LCI Industries were worth $890,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LCII. Pacer Advisors Inc. lifted its holdings in shares of LCI Industries by 70.9% in the fourth quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after purchasing an additional 342,165 shares in the last quarter. FMR LLC lifted its holdings in shares of LCI Industries by 35.1% in the third quarter. FMR LLC now owns 1,231,852 shares of the company’s stock valued at $144,644,000 after purchasing an additional 320,243 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of LCI Industries by 157.3% in the first quarter. Franklin Resources Inc. now owns 378,373 shares of the company’s stock valued at $41,572,000 after purchasing an additional 231,338 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of LCI Industries by 23.9% in the first quarter. JPMorgan Chase & Co. now owns 1,194,933 shares of the company’s stock valued at $131,287,000 after purchasing an additional 230,682 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of LCI Industries by 9.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,404,644 shares of the company’s stock valued at $264,198,000 after purchasing an additional 206,194 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

NYSE:LCII opened at $105.85 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88. The business has a fifty day simple moving average of $117.33 and a two-hundred day simple moving average of $116.41. LCI Industries has a 1 year low of $104.93 and a 1 year high of $137.07. The company has a market capitalization of $2.69 billion, a P/E ratio of 41.84 and a beta of 1.40.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm had revenue of $837.54 million during the quarter, compared to analysts’ expectations of $835.99 million. During the same period in the prior year, the business earned ($0.68) earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, analysts expect that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Thursday, March 7th. LCI Industries’s dividend payout ratio is currently 166.01%.

Wall Street Analysts Forecast Growth

LCII has been the subject of a number of research analyst reports. BMO Capital Markets downgraded LCI Industries from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Roth Mkm decreased their price target on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Truist Financial reaffirmed a “hold” rating and set a $110.00 price target (down from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Finally, Robert W. Baird decreased their price target on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, LCI Industries presently has an average rating of “Hold” and an average target price of $104.20.

LCI Industries Company 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.