Supplemental Annuity Collective Trust of NJ Trims Stake in LCI Industries (NYSE:LCII)

Supplemental Annuity Collective Trust of NJ lessened its holdings in LCI Industries (NYSE:LCII) by 37.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,000 shares of the company’s stock after selling 3,000 shares during the period. Supplemental Annuity Collective Trust of NJ’s holdings in LCI Industries were worth $629,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC grew its stake in LCI Industries by 35.1% in the 3rd quarter. FMR LLC now owns 1,231,852 shares of the company’s stock worth $144,644,000 after buying an additional 320,243 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in LCI Industries by 70.9% during the 4th quarter. Pacer Advisors Inc. now owns 824,702 shares of the company’s stock valued at $103,673,000 after acquiring an additional 342,165 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of LCI Industries by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 341,627 shares of the company’s stock worth $40,114,000 after purchasing an additional 8,583 shares during the last quarter. American Century Companies Inc. increased its holdings in LCI Industries by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 298,654 shares of the company’s stock valued at $35,068,000 after purchasing an additional 50,470 shares during the period. Finally, Stifel Financial Corp raised its position in LCI Industries by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 76,684 shares of the company’s stock valued at $9,004,000 after purchasing an additional 339 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price objective on LCI Industries from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 14th. Truist Financial reissued 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. Roth Mkm decreased their price target on shares of LCI Industries from $113.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, February 6th. Finally, BMO Capital Markets cut LCI Industries from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $105.00 to $100.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $104.20.

LCI Industries Stock Up 0.5 %

Shares of NYSE:LCII traded up $0.55 on Friday, hitting $107.29. 155,395 shares of the company traded hands, compared to its average volume of 230,233. The stock has a 50 day simple moving average of $115.92 and a 200-day simple moving average of $115.93. The company has a quick ratio of 0.88, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.73 billion, a PE ratio of 42.19 and a beta of 1.40. LCI Industries has a 52 week low of $102.39 and a 52 week high of $137.07.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.24). The firm had revenue of $837.54 million during the quarter, compared to the consensus estimate of $835.99 million. LCI Industries had a return on equity of 4.70% and a net margin of 1.70%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.68) EPS. As a group, research analysts expect that LCI Industries will post 5.71 earnings per share for the current year.

LCI Industries Announces Dividend

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

LCI Industries Company 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.