South Dakota Investment Council Has $3.55 Million Stake in LCI Industries (NYSE:LCII)

South Dakota Investment Council decreased its holdings in LCI Industries (NYSE:LCIIFree Report) by 19.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,246 shares of the company’s stock after selling 7,289 shares during the quarter. South Dakota Investment Council owned 0.12% of LCI Industries worth $3,551,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of LCI Industries by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,174 shares of the company’s stock valued at $952,000 after buying an additional 658 shares in the last quarter. US Bancorp DE raised its position in shares of LCI Industries by 22.1% in the 1st quarter. US Bancorp DE now owns 6,617 shares of the company’s stock valued at $687,000 after buying an additional 1,198 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of LCI Industries in the 1st quarter valued at approximately $342,000. PNC Financial Services Group Inc. increased its position in LCI Industries by 42.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,650 shares of the company’s stock worth $482,000 after purchasing an additional 1,382 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in LCI Industries by 54.0% during the 1st quarter. MetLife Investment Management LLC now owns 13,198 shares of the company’s stock worth $1,370,000 after purchasing an additional 4,628 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Trading Down 5.0 %

NYSE:LCII opened at $112.03 on Wednesday. The firm’s fifty day moving average is $119.01 and its 200-day moving average is $119.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 2.97. LCI Industries has a 52 week low of $100.25 and a 52 week high of $137.07. The firm has a market cap of $2.84 billion, a P/E ratio of 57.75 and a beta of 1.43.

LCI Industries (NYSE:LCIIGet Free Report) last issued its earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.36). The company had revenue of $959.32 million for the quarter, compared to the consensus estimate of $1.01 billion. LCI Industries had a return on equity of 3.61% and a net margin of 1.29%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.40 earnings per share. Equities analysts expect that LCI Industries will post 3.08 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, November 30th. LCI Industries’s dividend payout ratio is presently 216.50%.

Insiders Place Their Bets

In other LCI Industries news, Director Brendan Deely sold 2,750 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $116.31, for a total transaction of $319,852.50. Following the transaction, the director now owns 11,629 shares in the company, valued at $1,352,568.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TheStreet cut shares of LCI Industries from a “b-” rating to a “c” rating in a research report on Tuesday, November 7th. Truist Financial reiterated a “hold” rating and set a $110.00 price objective (down from $140.00) on shares of LCI Industries in a research report on Friday, January 19th. BMO Capital Markets cut shares of LCI Industries from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $105.00 to $100.00 in a research report on Monday, January 22nd. StockNews.com initiated coverage on shares of LCI Industries in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, DA Davidson lowered shares of LCI Industries from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $113.00 to $91.00 in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and an average target price of $109.83.

View Our Latest Stock Report on LCII

LCI Industries Profile

(Free Report)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; air conditioners; televisions and sound systems; tankless water heaters; towing products; truck accessories; and other accessories.

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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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