LCI Industries (NYSE:LCII) Stock Holdings Decreased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its position in LCI Industries (NYSE:LCII) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,036 shares of the company’s stock after selling 192 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in LCI Industries were worth $314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LCII. Mercer Global Advisors Inc. ADV raised its stake in LCI Industries by 4.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after purchasing an additional 90 shares during the period. PNC Financial Services Group Inc. raised its position in LCI Industries by 2.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after buying an additional 92 shares during the period. nVerses Capital LLC raised its position in LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after buying an additional 100 shares during the period. HM Payson & Co. lifted its stake in LCI Industries by 6.4% in the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock worth $216,000 after acquiring an additional 105 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in LCI Industries by 2.6% during the 2nd quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock worth $417,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Up 1.1 %

NYSE:LCII opened at $120.04 on Friday. The company has a market capitalization of $3.06 billion, a P/E ratio of 32.62 and a beta of 1.41. The stock’s 50 day moving average price is $114.93 and its 200 day moving average price is $110.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.16 by $0.24. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $1.31 EPS. LCI Industries’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that LCI Industries will post 6.01 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.50%. LCI Industries’s dividend payout ratio is currently 114.13%.

Analysts Set New Price Targets

LCII has been the topic of a number of research reports. Truist Financial upped their target price on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. Benchmark reiterated a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $108.67.

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.