New York State Teachers Retirement System Has $4.28 Million Holdings in LCI Industries (NYSE:LCII)

New York State Teachers Retirement System lessened its stake in shares of LCI Industries (NYSE:LCII) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,433 shares of the company’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System owned about 0.16% of LCI Industries worth $4,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its position in LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after acquiring an additional 361 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries during the third quarter valued at approximately $49,000. Aubrey Capital Management Ltd purchased a new position in shares of LCI Industries during the 3rd quarter worth approximately $208,000. Crossmark Global Holdings Inc. purchased a new stake in LCI Industries in the third quarter worth about $219,000. Finally, MML Investors Services LLC bought a new stake in LCI Industries during the 3rd quarter valued at about $260,000. 99.71% of the stock is owned by institutional investors.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on LCII shares. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Truist Financial upped their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LCI Industries presently has an average rating of “Hold” and a consensus price target of $121.50.

LCI Industries Trading Down 2.0 %

Shares of LCI Industries stock opened at $106.93 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company has a market cap of $2.72 billion, a P/E ratio of 19.09 and a beta of 1.44. LCI Industries has a fifty-two week low of $96.18 and a fifty-two week high of $129.38. The firm has a 50-day simple moving average of $105.28 and a two-hundred day simple moving average of $112.77.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 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%. As a group, equities analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, March 7th. LCI Industries’s dividend payout ratio is currently 82.14%.

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.