Louisiana State Employees Retirement System Buys New Stake in LCI Industries (NYSE:LCII)

Louisiana State Employees Retirement System purchased a new stake in LCI Industries (NYSE:LCII) in the fourth quarter, HoldingsChannel reports. The fund purchased 12,700 shares of the company’s stock, valued at approximately $1,597,000.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in LCI Industries in the 3rd quarter valued at $1,202,000. American Century Companies Inc. boosted its holdings in LCI Industries by 20.3% in the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after purchasing an additional 50,470 shares during the period. Deutsche Bank AG boosted its holdings in LCI Industries by 9.1% in the 3rd quarter. Deutsche Bank AG now owns 12,688 shares of the company’s stock valued at $1,490,000 after purchasing an additional 1,062 shares during the period. Nisa Investment Advisors LLC boosted its holdings in LCI Industries by 11.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock valued at $2,451,000 after purchasing an additional 1,953 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in LCI Industries by 70.9% in the 4th 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 during the period. 99.71% of the stock is owned by institutional investors.

LCI Industries Trading Up 2.2 %

Shares of LCI Industries stock opened at $106.49 on Friday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 42.09 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $116.94 and a 200 day simple moving average of $116.16. LCI Industries has a 12-month low of $102.39 and a 12-month high of $137.07.

LCI Industries (NYSE:LCII) last announced 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). The firm had revenue of $837.54 million for the quarter, compared to analyst estimates of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.68) EPS. Research analysts expect that LCI Industries will post 5.71 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio (DPR) is currently 166.01%.

Analysts Set New Price Targets

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

LCI Industries 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.