Louisiana State Employees Retirement System Invests $1.60 Million in LCI Industries (NYSE:LCII)

Louisiana State Employees Retirement System bought a new position in LCI Industries (NYSE:LCII) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,700 shares of the company’s stock, valued at approximately $1,597,000. Louisiana State Employees Retirement System owned about 0.05% of LCI Industries as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LCII. Canada Pension Plan Investment Board bought a new stake in shares of LCI Industries during the 3rd quarter valued at about $1,202,000. American Century Companies Inc. grew its position in shares of LCI Industries by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after buying an additional 50,470 shares during the last quarter. Deutsche Bank AG grew its position in shares of LCI Industries by 9.1% during the 3rd 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. Nisa Investment Advisors LLC grew its position 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 valued at $2,451,000 after buying an additional 1,953 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of LCI Industries by 70.9% during the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after buying an additional 342,165 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LCII. Roth Mkm lowered their price objective on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. Robert W. Baird decreased their target price on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Finally, Truist Financial restated a “hold” rating and issued a $110.00 target price (down previously from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.20.

LCI Industries Trading Up 2.2 %

Shares of NYSE:LCII opened at $106.49 on Friday. The company has a 50 day moving average of $116.94 and a 200-day moving average of $116.16. The firm has a market cap of $2.71 billion, a P/E ratio of 42.09 and a beta of 1.40. LCI Industries has a twelve month low of $102.39 and a twelve month high of $137.07. The company has a current ratio of 2.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). The company had revenue of $837.54 million during the quarter, compared to analyst estimates of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.68) earnings per share. As a group, analysts anticipate that LCI Industries will post 5.71 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio is currently 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.