Teacher Retirement System of Texas Buys 20,741 Shares of LCI Industries $LCII

Teacher Retirement System of Texas increased its stake in shares of LCI Industries (NYSE:LCII) by 174.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 32,624 shares of the company’s stock after acquiring an additional 20,741 shares during the quarter. Teacher Retirement System of Texas’ holdings in LCI Industries were worth $3,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in LCI Industries during the 2nd quarter worth $26,000. Signaturefd LLC boosted its holdings in LCI Industries by 591.5% during the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after purchasing an additional 278 shares during the last quarter. Financial Consulate Inc. bought a new stake in LCI Industries in the 3rd quarter worth about $56,000. Hilltop National Bank bought a new stake in LCI Industries in the 2nd quarter worth about $66,000. Finally, GAMMA Investing LLC increased its stake in LCI Industries by 129.0% in the 2nd quarter. GAMMA Investing LLC now owns 758 shares of the company’s stock valued at $69,000 after buying an additional 427 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LCII. BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a research note on Monday, November 3rd. Truist Financial set a $147.00 target price on LCI Industries in a research report on Tuesday, January 20th. Loop Capital reiterated a “hold” rating and set a $149.00 target price on shares of LCI Industries in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, Robert W. Baird raised their price objective on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and an average price target of $128.50.

LCI Industries Stock Down 0.2%

LCII stock opened at $147.69 on Thursday. The stock has a fifty day moving average of $125.56 and a 200-day moving average of $108.19. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $151.85. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 20.66 and a beta of 1.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78.

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

LCI Industries Announces Dividend

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

About LCI Industries

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.