Teacher Retirement System of Texas Buys 735 Shares of LCI Industries (NYSE:LCII)

Teacher Retirement System of Texas boosted its stake in LCI Industries (NYSE:LCII) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,019 shares of the company’s stock after buying an additional 735 shares during the quarter. Teacher Retirement System of Texas’ holdings in LCI Industries were worth $416,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in LCI Industries by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after purchasing an additional 11,286 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock worth $65,784,000 after purchasing an additional 15,057 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of LCI Industries by 0.3% in the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after buying an additional 1,688 shares in the last quarter. Royce & Associates LP raised its holdings in shares of LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock valued at $56,515,000 after buying an additional 172,586 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in LCI Industries by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock worth $45,122,000 after buying an additional 25,145 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LCII. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research report on Wednesday, February 12th. Finally, 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 note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $121.50.

LCI Industries Stock Performance

LCII stock opened at $87.48 on Tuesday. LCI Industries has a 1-year low of $85.69 and a 1-year high of $129.38. The business’s 50-day moving average price is $100.01 and its two-hundred day moving average price is $109.11. The firm has a market cap of $2.23 billion, a PE ratio of 15.62 and a beta of 1.45. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.26%. LCI Industries’s payout ratio is 82.14%.

LCI Industries Company 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.