LCI Industries (NYSE:LCII) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in LCI Industries (NYSE:LCII) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,425 shares of the company’s stock after purchasing an additional 2,174 shares during the period. State of New Jersey Common Pension Fund D owned about 0.07% of LCI Industries worth $1,905,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LCII. Charles Schwab Investment Management Inc. increased its holdings in shares of LCI Industries by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after acquiring an additional 29,192 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of LCI Industries in the 4th quarter worth about $2,394,000. Congress Asset Management Co. raised its position in LCI Industries by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after purchasing an additional 5,303 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of LCI Industries by 5,533.7% in the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after acquiring an additional 10,182 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of LCI Industries during the third quarter worth $260,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Price Performance

LCI Industries stock opened at $106.26 on Tuesday. The stock has a market cap of $2.71 billion, a P/E ratio of 18.98 and a beta of 1.44. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average price is $104.95 and its two-hundred day moving average price is $112.74. LCI Industries has a 52 week low of $96.18 and a 52 week high of $129.38.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $1.15 per share. The ex-dividend date is Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a yield of 4.33%. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LCII. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Wednesday, February 12th. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, Truist Financial upped their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $121.50.

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.