California Public Employees Retirement System Lowers Stock Position in LCI Industries (NYSE:LCII)

California Public Employees Retirement System lessened its stake in LCI Industries (NYSE:LCII) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,086 shares of the company’s stock after selling 3,185 shares during the period. California Public Employees Retirement System’s holdings in LCI Industries were worth $4,868,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. SkyView Investment Advisors LLC boosted its stake in LCI Industries by 2.9% in the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock worth $611,000 after buying an additional 143 shares in the last quarter. Keybank National Association OH grew its position in LCI Industries by 7.1% during the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock worth $315,000 after acquiring an additional 202 shares during the last quarter. Inspire Advisors LLC lifted its position in LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock valued at $611,000 after purchasing an additional 206 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of LCI Industries by 2.4% during the third quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock valued at $1,133,000 after purchasing an additional 223 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII stock opened at $74.90 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 1 year low of $73.49 and a 1 year high of $129.38. The firm has a 50-day moving average of $96.55 and a 200 day moving average of $107.29. The company has a market cap of $1.89 billion, a P/E ratio of 13.38 and a beta of 1.36.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend was Friday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 82.14%.

Wall Street Analyst Weigh In

LCII has been the subject of a number of recent analyst reports. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Robert W. Baird reiterated a “neutral” rating and set a $100.00 target price (down from $130.00) on shares of LCI Industries in a report on Friday, April 4th. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research note on Wednesday, February 12th. Truist Financial upped their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, Baird R W lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, LCI Industries currently has an average rating of “Hold” and a consensus target price of $117.20.

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.