California Public Employees Retirement System Sells 4,700 Shares of LCI Industries (NYSE:LCII)

California Public Employees Retirement System lowered its holdings in LCI Industries (NYSE:LCII) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,076 shares of the company’s stock after selling 4,700 shares during the period. California Public Employees Retirement System owned about 0.21% of LCI Industries worth $6,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in shares of LCI Industries during the 4th quarter worth approximately $1,597,000. International Assets Investment Management LLC acquired a new stake in shares of LCI Industries during the 4th quarter worth about $2,924,000. Nisa Investment Advisors LLC boosted its holdings in shares of LCI Industries by 11.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 19,498 shares of the company’s stock worth $2,451,000 after buying an additional 1,953 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in LCI Industries by 5.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,394 shares of the company’s stock valued at $1,432,000 after buying an additional 581 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in LCI Industries by 70.9% in the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after acquiring an additional 342,165 shares during the period. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

LCII opened at $106.84 on Friday. The firm has a market cap of $2.72 billion, a P/E ratio of 42.23 and a beta of 1.41. The business’s fifty day moving average is $113.98 and its 200-day moving average is $115.59. LCI Industries has a 52-week low of $102.39 and a 52-week high of $137.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.24). LCI Industries had a net margin of 1.70% and a return on equity of 4.70%. The firm had revenue of $837.54 million during the quarter, compared to the consensus estimate of $835.99 million. During the same period last year, the business earned ($0.68) earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. Sell-side analysts expect that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $1.05 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.20 annualized dividend and a dividend yield of 3.93%. LCI Industries’s dividend payout ratio is currently 166.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LCII shares. BMO Capital Markets downgraded LCI Industries from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Robert W. Baird decreased their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Roth Mkm dropped their target price on LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Finally, Truist Financial restated a “hold” rating and issued a $110.00 price target (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.20.

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.