Nisa Investment Advisors LLC Has $1 Million Position in LCI Industries (NYSE:LCII)

Nisa Investment Advisors LLC lowered its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 29.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,441 shares of the company's stock after selling 4,701 shares during the period. Nisa Investment Advisors LLC's holdings in LCI Industries were worth $1,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LCII. Norges Bank acquired a new stake in shares of LCI Industries during the 4th quarter valued at $26,402,000. Dimensional Fund Advisors LP raised its holdings in shares of LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock valued at $127,904,000 after purchasing an additional 87,764 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock valued at $301,203,000 after purchasing an additional 56,794 shares in the last quarter. Stadium Capital Management LLC raised its holdings in shares of LCI Industries by 250.2% during the 4th quarter. Stadium Capital Management LLC now owns 70,069 shares of the company's stock valued at $7,244,000 after purchasing an additional 50,058 shares in the last quarter. Finally, Twinbeech Capital LP bought a new position in shares of LCI Industries during the 4th quarter valued at $5,065,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Robert W. Baird cut their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen raised shares of LCI Industries from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Baird R W lowered shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $114.50.

LCI Industries Stock Performance

NYSE:LCII opened at $99.61 on Tuesday. The firm's 50-day moving average is $90.50 and its 200-day moving average is $93.28. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.41 and a current ratio of 2.96. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 16.33 and a beta of 1.26.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.64. LCI Industries had a net margin of 4.08% and a return on equity of 11.63%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $972.04 million. During the same quarter in the previous year, the firm posted $1.44 EPS. The business's revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.60 dividend on an annualized basis and a yield of 4.62%. LCI Industries's payout ratio is currently 75.41%.

LCI Industries announced that its board has authorized a share buyback plan on Thursday, May 15th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.

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