State of New Jersey Common Pension Fund D Purchases 3,028 Shares of LCI Industries (NYSE:LCII)

State of New Jersey Common Pension Fund D lifted its position in LCI Industries (NYSE:LCII) by 15.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,666 shares of the company’s stock after purchasing an additional 3,028 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in LCI Industries were worth $2,849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in shares of LCI Industries during the third quarter valued at approximately $1,202,000. American Century Companies Inc. lifted its position in shares of LCI Industries by 20.3% in the third quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock worth $35,068,000 after buying an additional 50,470 shares in the last quarter. Deutsche Bank AG boosted its stake in LCI Industries by 9.1% during the third quarter. Deutsche Bank AG now owns 12,688 shares of the company’s stock valued at $1,490,000 after buying an additional 1,062 shares during the last quarter. International Assets Investment Management LLC bought a new stake in LCI Industries in the 4th quarter worth approximately $2,924,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of LCI Industries by 11.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock worth $2,451,000 after acquiring an additional 1,953 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LCII. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. Robert W. Baird dropped 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. Roth Mkm lowered their price objective on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Finally, Truist Financial restated a “hold” rating and set a $110.00 price target (down previously from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $104.20.

LCI Industries Stock Up 0.2 %

Shares of NYSE:LCII opened at $107.49 on Tuesday. The firm has a market capitalization of $2.74 billion, a PE ratio of 42.49 and a beta of 1.40. The business has a 50 day simple moving average of $115.33 and a two-hundred day simple moving average of $115.87. LCI Industries has a 1 year low of $102.39 and a 1 year high of $137.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 0.88.

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

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.20 annualized dividend and a yield of 3.91%. LCI Industries’s dividend payout ratio (DPR) is 166.01%.

About LCI Industries

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.