Maryland State Retirement & Pension System Sells 3,937 Shares of LCI Industries $LCII

Maryland State Retirement & Pension System trimmed its position in shares of LCI Industries (NYSE:LCII) by 53.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,485 shares of the company’s stock after selling 3,937 shares during the quarter. Maryland State Retirement & Pension System’s holdings in LCI Industries were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in LCI Industries during the 2nd quarter worth $26,000. Signaturefd LLC grew its stake in LCI Industries by 591.5% in the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after acquiring an additional 278 shares during the period. Financial Consulate Inc. bought a new stake in shares of LCI Industries in the third quarter worth about $56,000. Hilltop National Bank acquired a new stake in shares of LCI Industries during the second quarter worth about $66,000. Finally, GAMMA Investing LLC raised its position in shares of LCI Industries by 129.0% during the second quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock worth $69,000 after purchasing an additional 427 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of LCII opened at $147.06 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69. LCI Industries has a twelve month low of $72.31 and a twelve month high of $151.85. The stock has a market capitalization of $3.56 billion, a P/E ratio of 20.57 and a beta of 1.31. The company has a 50 day moving average of $123.09 and a 200-day moving average of $107.21.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, October 30th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.44 by $0.53. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $963.96 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.1%. LCI Industries’s payout ratio is currently 64.34%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LCII. Robert W. Baird boosted their price objective on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Loop Capital reaffirmed a “hold” rating and issued a $149.00 price target on shares of LCI Industries in a research note on Thursday. Wall Street Zen upgraded shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Friday. Truist Financial set a $147.00 price objective on shares of LCI Industries in a report on Tuesday. Finally, Roth Mkm boosted their price objective on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $128.50.

LCI Industries Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.