Illinois Municipal Retirement Fund Decreases Stock Position in LCI Industries (NYSE:LCII)

Illinois Municipal Retirement Fund cut its holdings in LCI Industries (NYSE:LCII) by 7.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,251 shares of the company’s stock after selling 1,111 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in LCI Industries were worth $1,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI boosted its position in shares of LCI Industries by 28.9% in the 3rd quarter. National Bank of Canada FI now owns 1,112 shares of the company’s stock worth $131,000 after buying an additional 249 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in LCI Industries in the 3rd quarter valued at about $204,000. Envestnet Portfolio Solutions Inc. purchased a new position in LCI Industries in the 3rd quarter valued at about $253,000. Advisor OS LLC lifted its holdings in LCI Industries by 5.1% in the 3rd quarter. Advisor OS LLC now owns 2,167 shares of the company’s stock valued at $255,000 after purchasing an additional 105 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new position in LCI Industries in the 3rd quarter valued at about $288,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Stock Up 0.5 %

LCII opened at $107.29 on Friday. The firm has a 50 day moving average price of $115.62 and a 200 day moving average price of $115.90. The company has a market cap of $2.73 billion, a PE ratio of 42.41 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 company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 2.83.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company posted ($0.68) EPS. Sell-side analysts expect that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, March 7th. LCI Industries’s dividend payout ratio (DPR) is presently 166.01%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial restated 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. Roth Mkm reduced their target price on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th. Robert W. Baird reduced their target price on shares of LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Finally, BMO Capital Markets lowered shares of LCI Industries from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $105.00 to $100.00 in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, LCI Industries presently has a consensus rating of “Hold” and a consensus price target 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.