LCI Industries (NYSE:LCII) Shares Sold by Teacher Retirement System of Texas

Posted by Defense World Staff on Jun 12th, 2023

Teacher Retirement System of Texas lessened its position in shares of LCI Industries (NYSE:LCII – Get Rating) by 6.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,465 shares of the company’s stock after selling 616 shares during the period. Teacher Retirement System of Texas’ holdings in LCI Industries were worth $875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LCII. Eagle Bay Advisors LLC purchased a new position in LCI Industries in the 2nd quarter worth about $28,000. Covestor Ltd lifted its stake in shares of LCI Industries by 85.3% during the first quarter. Covestor Ltd now owns 417 shares of the company’s stock valued at $43,000 after acquiring an additional 192 shares during the period. FourThought Financial LLC raised its position in shares of LCI Industries by 61.6% during the third quarter. FourThought Financial LLC now owns 635 shares of the company’s stock worth $64,000 after purchasing an additional 242 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of LCI Industries by 381.2% during the fourth quarter. Quadrant Capital Group LLC now owns 895 shares of the company’s stock worth $83,000 after buying an additional 709 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of LCI Industries in the second quarter valued at approximately $93,000. Hedge funds and other institutional investors own 99.19% of the company’s stock.

LCI Industries Stock Up 0.5 %

Shares of NYSE LCII opened at $122.74 on Monday. The company has a quick ratio of 1.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average is $111.87 and its 200 day moving average is $107.74. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 15.21 and a beta of 1.46. LCI Industries has a 52 week low of $89.28 and a 52 week high of $139.89.

LCI Industries (NYSE:LCII – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.31. LCI Industries had a return on equity of 14.83% and a net margin of 4.54%. The company had revenue of $973.31 million for the quarter, compared to analyst estimates of $866.61 million. During the same quarter in the previous year, the firm earned $7.71 earnings per share. The firm’s quarterly revenue was down 40.8% compared to the same quarter last year. On average, equities research analysts expect that LCI Industries will post 5.9 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 1st. LCI Industries’s dividend payout ratio is presently 52.04%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LCII. Robert W. Baird raised their price objective on shares of LCI Industries from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. StockNews.com initiated coverage on LCI Industries in a report on Thursday, May 18th. They set a “hold” rating for the company. Roth Capital restated a “buy” rating and issued a $114.00 target price (down previously from $137.00) on shares of LCI Industries in a research note on Wednesday, February 15th. Roth Mkm downgraded LCI Industries from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $137.00 to $114.00 in a report on Wednesday, February 15th. Finally, Truist Financial reduced their price target on LCI Industries from $130.00 to $125.00 in a research note on Thursday, May 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.43.

LCI Industries Profile

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LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; air conditioners; televisions and sound systems; tankless water heaters; towing products; truck accessories; and other accessories.