New York State Teachers Retirement System Cuts Position in LCI Industries (NYSE:LCII)

New York State Teachers Retirement System trimmed its holdings in shares of LCI Industries (NYSE:LCII) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 41,433 shares of the company’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System’s holdings in LCI Industries were worth $4,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in LCI Industries during the 4th quarter valued at about $28,000. Blue Trust Inc. lifted its holdings in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after buying an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries in the third quarter worth about $49,000. Aubrey Capital Management Ltd acquired a new stake in shares of LCI Industries in the third quarter worth $208,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of LCI Industries during the third quarter worth approximately $219,000. 99.71% of the stock is owned by institutional investors.

Insider Transactions at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

LCI Industries Stock Down 2.0 %

Shares of NYSE:LCII opened at $106.93 on Friday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The firm has a market cap of $2.72 billion, a P/E ratio of 19.09 and a beta of 1.44. The business has a fifty day simple moving average of $105.28 and a 200 day simple moving average of $112.77. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55.

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

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 4.30%. LCI Industries’s payout ratio is 82.14%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. 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 research report on Wednesday, February 12th. Finally, Truist Financial raised their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, LCI Industries has an average rating of “Hold” and a consensus target price of $121.50.

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.