Louisiana State Employees Retirement System Sells 500 Shares of LCI Industries (NYSE:LCII)

Louisiana State Employees Retirement System reduced its holdings in LCI Industries (NYSE:LCII) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,300 shares of the company’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in LCI Industries were worth $1,483,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LCII. Janney Montgomery Scott LLC increased its stake in LCI Industries by 8.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,367 shares of the company’s stock worth $1,891,000 after acquiring an additional 1,176 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of LCI Industries during the 1st quarter valued at about $68,000. GSA Capital Partners LLP bought a new position in shares of LCI Industries during the 1st quarter valued at about $625,000. Texas Permanent School Fund Corp increased its position in shares of LCI Industries by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,164 shares of the company’s stock valued at $2,728,000 after purchasing an additional 287 shares during the last quarter. Finally, Duality Advisers LP bought a new position in shares of LCI Industries during the 1st quarter valued at about $360,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on LCII shares. Truist Financial increased their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Raymond James started coverage on LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Benchmark restated a “buy” rating and set a $130.00 price target on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and an average target price of $112.20.

LCI Industries Trading Down 3.7 %

NYSE LCII opened at $111.28 on Friday. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $131.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82. The stock has a 50 day simple moving average of $117.52 and a two-hundred day simple moving average of $111.16. The stock has a market cap of $2.83 billion, a P/E ratio of 23.33 and a beta of 1.41.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $1.31 EPS. The business’s revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that LCI Industries will post 5.97 earnings per share for the current year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s payout ratio is presently 88.05%.

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.