Teacher Retirement System of Texas Purchases 5,484 Shares of LCI Industries (NYSE:LCII)

Teacher Retirement System of Texas increased its position in LCI Industries (NYSE:LCII - Free Report) by 136.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,503 shares of the company's stock after purchasing an additional 5,484 shares during the period. Teacher Retirement System of Texas' holdings in LCI Industries were worth $831,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LCII. Summit Investment Advisors Inc. grew its stake in shares of LCI Industries by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company's stock valued at $268,000 after acquiring an additional 130 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in LCI Industries by 11.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company's stock valued at $234,000 after buying an additional 238 shares during the period. LRI Investments LLC raised its holdings in LCI Industries by 345.6% during the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after buying an additional 311 shares during the period. Wesbanco Bank Inc. raised its holdings in LCI Industries by 12.2% during the 1st quarter. Wesbanco Bank Inc. now owns 3,043 shares of the company's stock valued at $266,000 after buying an additional 330 shares during the period. Finally, Swiss National Bank raised its holdings in LCI Industries by 0.8% during the 4th quarter. Swiss National Bank now owns 50,100 shares of the company's stock valued at $5,180,000 after buying an additional 400 shares during the period. Institutional investors own 99.71% of the company's stock.

LCI Industries Stock Performance

NYSE LCII opened at $99.61 on Tuesday. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The business has a 50 day moving average price of $90.50 and a 200 day moving average price of $93.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.96 and a quick ratio of 1.41. The company has a market capitalization of $2.51 billion, a P/E ratio of 16.33 and a beta of 1.26.

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

LCI Industries declared that its board has authorized a share buyback program on Thursday, May 15th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

LCI Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on LCII. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lowered their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Wall Street Zen raised LCI Industries from a "hold" rating to a "buy" rating in a report on Monday. Finally, Truist Financial raised their price target on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $114.50.

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.

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