Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Holdings in LCI Industries (NYSE:LCII)

Jan 06, 2024

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of LCI Industries (NYSE:LCII - Get Rating) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,216 shares of the company's stock after buying an additional 4,046 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.11% of LCI Industries worth $2,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LCII. Raymond James Financial Services Advisors Inc. raised its position in LCI Industries by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,174 shares of the company's stock worth $952,000 after purchasing an additional 658 shares during the period. US Bancorp DE raised its position in LCI Industries by 22.1% in the 1st quarter. US Bancorp DE now owns 6,617 shares of the company's stock worth $687,000 after purchasing an additional 1,198 shares during the period. HighTower Advisors LLC purchased a new stake in LCI Industries in the 1st quarter worth about $342,000. PNC Financial Services Group Inc. raised its position in LCI Industries by 42.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,650 shares of the company's stock worth $482,000 after purchasing an additional 1,382 shares during the period. Finally, MetLife Investment Management LLC raised its position in LCI Industries by 54.0% in the 1st quarter. MetLife Investment Management LLC now owns 13,198 shares of the company's stock worth $1,370,000 after purchasing an additional 4,628 shares during the period. 99.19% of the stock is owned by hedge funds and other institutional investors.

LCII has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of LCI Industries in a research report on Thursday, May 18th. They issued a "hold" rating on the stock. Roth Mkm lowered shares of LCI Industries from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $137.00 to $114.00 in a research report on Wednesday, February 15th. Truist Financial reduced their target price on shares of LCI Industries from $130.00 to $125.00 in a research report on Thursday, May 25th. Robert W. Baird raised their target price 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. Finally, Roth Capital reaffirmed a "buy" rating and set a $114.00 target price (down from $137.00) on shares of LCI Industries in a research report on Wednesday, February 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.43.

NYSE LCII opened at $119.99 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.04 and a current ratio of 3.13. The firm's 50 day moving average price is $110.93 and its 200-day moving average price is $107.26. LCI Industries has a 52-week low of $89.28 and a 52-week high of $139.89. The company has a market cap of $3.04 billion, a PE ratio of 14.87 and a beta of 1.46.

LCI Industries (NYSE:LCII - Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.31. LCI Industries had a net margin of 4.54% and a return on equity of 14.83%. The firm had revenue of $973.31 million for the quarter, compared to the consensus estimate of $866.61 million. During the same period last year, the firm earned $7.71 earnings per share. The company's quarterly revenue was down 40.8% on a year-over-year basis. Sell-side analysts forecast that LCI Industries will post 5.9 EPS for the current fiscal year.

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 paid a $1.05 dividend. The ex-dividend date is Thursday, June 1st. This represents a $4.20 annualized dividend and a yield of 3.50%. LCI Industries's dividend payout ratio (DPR) is 52.04%.

LCI Industries engages in the manufacture, supply, and distribution of components for the original equipment manufacturers (OEM) of recreational vehicles and manufactured homes. It operates through the OEM and Aftermarket segments. The OEM segment offers components for buses, trailers used to haul boats, livestock, equipment and other cargo, trucks, pontoon boats, trains, manufactured homes, and modular housing.

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