Louisiana State Employees Retirement System Invests $1.60 Million in LCI Industries (NYSE:LCII)

Louisiana State Employees Retirement System purchased a new stake in shares of LCI Industries (NYSE:LCII - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,700 shares of the company's stock, valued at approximately $1,597,000. Louisiana State Employees Retirement System owned 0.05% of LCI Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LCII. Pacer Advisors Inc. raised its stake in shares of LCI Industries by 70.9% in the fourth quarter. Pacer Advisors Inc. now owns 824,702 shares of the company's stock valued at $103,673,000 after buying an additional 342,165 shares during the period. FMR LLC raised its stake in LCI Industries by 35.1% in the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company's stock valued at $144,644,000 after acquiring an additional 320,243 shares during the period. Franklin Resources Inc. raised its stake in LCI Industries by 157.3% in the 1st quarter. Franklin Resources Inc. now owns 378,373 shares of the company's stock valued at $41,572,000 after acquiring an additional 231,338 shares during the period. JPMorgan Chase & Co. lifted its holdings in LCI Industries by 23.9% during the first quarter. JPMorgan Chase & Co. now owns 1,194,933 shares of the company's stock valued at $131,287,000 after purchasing an additional 230,682 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in LCI Industries by 9.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,404,644 shares of the company's stock worth $264,198,000 after purchasing an additional 206,194 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

LCI Industries Price Performance

Shares of LCII traded up $2.23 during mid-day trading on Friday, reaching $106.42. 196,905 shares of the stock traded hands, compared to its average volume of 172,773. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 42.09 and a beta of 1.40. LCI Industries has a 1 year low of $102.39 and a 1 year high of $137.07. The firm has a fifty day moving average price of $116.78 and a 200 day moving average price of $116.08. The company has a current ratio of 2.83, a quick ratio of 0.88 and a debt-to-equity ratio of 0.62.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.24). The business had revenue of $837.54 million for the quarter, compared to analysts' expectations of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. LCI Industries's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.68) earnings per share. As a group, equities research analysts predict that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 3.95%. The ex-dividend date was Thursday, March 7th. LCI Industries's dividend payout ratio is presently 166.01%.

Analysts Set New Price Targets

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

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.