Public Sector Pension Investment Board Has $6.51 Million Stake in LCI Industries (NYSE:LCII)

Public Sector Pension Investment Board reduced its holdings in LCI Industries (NYSE:LCII) by 3.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 54,004 shares of the company’s stock after selling 2,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in LCI Industries were worth $6,510,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LCII. B. Riley Wealth Advisors Inc. acquired a new stake in LCI Industries in the 1st quarter valued at approximately $204,000. Tidal Investments LLC increased its position in LCI Industries by 11.5% during the first quarter. Tidal Investments LLC now owns 3,929 shares of the company’s stock worth $484,000 after acquiring an additional 405 shares during the period. Comerica Bank raised its stake in LCI Industries by 24.1% during the 1st quarter. Comerica Bank now owns 31,784 shares of the company’s stock valued at $3,911,000 after purchasing an additional 6,174 shares during the last quarter. HM Payson & Co. raised its stake in LCI Industries by 6.4% during the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in LCI Industries by 155.6% in the 2nd quarter. SG Americas Securities LLC now owns 3,819 shares of the company’s stock worth $395,000 after purchasing an additional 2,325 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Trading Down 0.4 %

Shares of LCII opened at $120.81 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.08 billion, a PE ratio of 23.50 and a beta of 1.41. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The stock has a 50 day simple moving average of $117.60 and a 200-day simple moving average of $112.52.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 earnings per share. On average, sell-side analysts predict that LCI Industries will post 5.51 EPS for the current fiscal year.

LCI Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, November 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.81%. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s dividend payout ratio (DPR) is 81.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LCII. Raymond James assumed coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Truist Financial boosted their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Benchmark reaffirmed a “buy” rating and issued a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LCI Industries currently has an average rating of “Hold” and a consensus target price of $112.20.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by insiders.

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.