State of Tennessee Department of Treasury Has $1.48 Million Stock Holdings in LCI Industries (NYSE:LCII)

State of Tennessee Department of Treasury boosted its position in shares of LCI Industries (NYSE:LCII) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,284 shares of the company’s stock after purchasing an additional 2,656 shares during the period. State of Tennessee Department of Treasury owned 0.06% of LCI Industries worth $1,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LCII. SkyView Investment Advisors LLC lifted its holdings in shares of LCI Industries by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock valued at $611,000 after buying an additional 143 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in LCI Industries in the third quarter worth approximately $49,000. Tidal Investments LLC grew its position in LCI Industries by 2.4% in the third quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after acquiring an additional 223 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of LCI Industries by 11.0% during the 3rd quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock worth $37,607,000 after purchasing an additional 31,376 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of LCI Industries by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Wednesday, February 12th. Truist Financial cut their price objective on LCI Industries from $108.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. Baird R W lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price objective (down from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, LCI Industries has a consensus rating of “Hold” and a consensus target price of $111.60.

LCI Industries Trading Up 1.3 %

Shares of LCI Industries stock opened at $79.09 on Wednesday. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The company’s fifty day simple moving average is $87.68 and its 200-day simple moving average is $102.90. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 14.12 and a beta of 1.36. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. As a group, sell-side analysts expect that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $1.15 dividend. The ex-dividend date was Friday, March 7th. This represents a $4.60 annualized dividend and a yield of 5.82%. LCI Industries’s dividend payout ratio (DPR) is 82.14%.

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.