LCI Industries (NYSE:LCII) Shares Sold by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ trimmed its stake in shares of LCI Industries (NYSE:LCII) by 37.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the company’s stock after selling 3,000 shares during the quarter. Supplemental Annuity Collective Trust of NJ’s holdings in LCI Industries were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of LCI Industries by 70.9% in the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after purchasing an additional 342,165 shares during the period. FMR LLC boosted its holdings in shares of LCI Industries by 35.1% in the third quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after buying an additional 320,243 shares during the period. American Century Companies Inc. increased its position in shares of LCI Industries by 20.3% in the third quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock worth $35,068,000 after acquiring an additional 50,470 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of LCI Industries during the fourth quarter valued at approximately $2,924,000. Finally, Illinois Municipal Retirement Fund purchased a new stake in shares of LCI Industries in the 3rd quarter valued at approximately $1,804,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BMO Capital Markets downgraded shares of LCI Industries from a “market perform” rating to an “underperform” rating and cut their target price for the company from $105.00 to $100.00 in a research note on Monday, January 22nd. Truist Financial reissued a “hold” rating and issued a $110.00 price objective (down from $140.00) on shares of LCI Industries in a research note on Friday, January 19th. Robert W. Baird decreased their price objective 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, Roth Mkm lowered their price objective 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average price target of $104.20.

LCI Industries Stock Performance

Shares of LCII stock traded up $0.55 during trading hours on Friday, reaching $107.29. 155,395 shares of the company’s stock were exchanged, compared to its average volume of 230,233. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. LCI Industries has a fifty-two week low of $102.39 and a fifty-two week high of $137.07. The business has a fifty day moving average price of $115.92 and a 200-day moving average price of $115.93. The stock has a market capitalization of $2.73 billion, a P/E ratio of 42.19 and a beta of 1.40.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share 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 net margin of 1.70% and a return on equity of 4.70%. LCI Industries’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.68) earnings per share. Analysts predict that LCI Industries will post 5.71 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, March 7th. LCI Industries’s payout ratio is currently 166.01%.

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.