Maryland State Retirement & Pension System Has $1.16 Million Position in LCI Industries (NYSE:LCII)

Maryland State Retirement & Pension System lowered its holdings in LCI Industries (NYSE:LCII) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,204 shares of the company’s stock after selling 124 shares during the quarter. Maryland State Retirement & Pension System’s holdings in LCI Industries were worth $1,157,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LCII. Canada Pension Plan Investment Board acquired a new position in LCI Industries during the third quarter worth $1,202,000. American Century Companies Inc. increased its position in shares of LCI Industries by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock worth $35,068,000 after purchasing an additional 50,470 shares in the last quarter. Deutsche Bank AG lifted its holdings in LCI Industries by 9.1% during the 3rd quarter. Deutsche Bank AG now owns 12,688 shares of the company’s stock valued at $1,490,000 after purchasing an additional 1,062 shares during the last quarter. International Assets Investment Management LLC acquired a new position in LCI Industries in the fourth quarter valued at about $2,924,000. Finally, Nisa Investment Advisors LLC grew its stake in LCI Industries by 11.1% during the fourth 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 last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of LCII stock opened at $111.20 on Thursday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 43.95 and a beta of 1.41. LCI Industries has a 12 month low of $102.39 and a 12 month high of $137.07. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $113.02 and a 200 day moving average price of $115.48.

LCI Industries (NYSE:LCII) last issued its quarterly 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 analyst estimates of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.68) EPS. Research analysts expect that LCI Industries will post 5.71 EPS for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Thursday, March 7th. LCI Industries’s dividend payout ratio (DPR) is currently 166.01%.

Wall Street Analysts Forecast Growth

LCII has been the topic of several recent analyst reports. Truist Financial reissued a “hold” rating and issued a $110.00 target price (down from $140.00) on shares of LCI Industries in a report on Friday, January 19th. Robert W. Baird lowered their target price on LCI Industries from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Roth Mkm reduced 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 report on Tuesday, February 6th. Finally, BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $105.00 to $100.00 in a research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.20.

LCI Industries Company 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.