Teacher Retirement System of Texas Raises Stock Holdings in LCI Industries $LCII

Teacher Retirement System of Texas boosted its stake in shares of LCI Industries (NYSE:LCII) by 25.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,883 shares of the company’s stock after buying an additional 2,380 shares during the quarter. Teacher Retirement System of Texas’ holdings in LCI Industries were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SVB Wealth LLC acquired a new position in shares of LCI Industries in the 1st quarter worth approximately $28,000. Signaturefd LLC lifted its stake in LCI Industries by 591.5% during the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after purchasing an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of LCI Industries by 535.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after buying an additional 439 shares during the period. State of Wyoming purchased a new position in shares of LCI Industries during the first quarter worth $46,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of LCI Industries by 45.5% in the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company’s stock valued at $47,000 after buying an additional 167 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on LCII. Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Truist Financial increased their price target on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Robert W. Baird upped their target price on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Zacks Research upgraded shares of LCI Industries from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.67.

LCI Industries Price Performance

Shares of LCII opened at $107.85 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 18.00 and a beta of 1.34. The firm’s fifty day simple moving average is $96.39 and its 200-day simple moving average is $93.97. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The firm had revenue of $1 billion for the quarter. Equities analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, August 29th. This represents a $4.60 annualized dividend and a yield of 4.3%. LCI Industries’s payout ratio is presently 64.34%.

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.