New York State Teachers Retirement System Decreases Stock Holdings in LCI Industries $LCII

New York State Teachers Retirement System reduced its holdings in shares of LCI Industries (NYSE:LCII) by 24.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,238 shares of the company’s stock after selling 9,335 shares during the quarter. New York State Teachers Retirement System’s holdings in LCI Industries were worth $3,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Huntington National Bank grew its stake in LCI Industries by 79.8% in the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Salomon & Ludwin LLC raised its stake in shares of LCI Industries by 1,818.2% during the 4th quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Global Retirement Partners LLC bought a new stake in shares of LCI Industries during the 4th quarter worth $30,000. Clearstead Advisors LLC boosted its holdings in shares of LCI Industries by 36.8% in the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after buying an additional 139 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of LCI Industries in the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LCII shares. Truist Financial decreased their price objective on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday. Robert W. Baird set a $140.00 target price on shares of LCI Industries in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Benchmark decreased their price target on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Finally, Roth Capital raised shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price target on the stock in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.71.

LCI Industries Trading Up 1.6%

NYSE:LCII opened at $102.19 on Friday. LCI Industries has a 1 year low of $84.33 and a 1 year high of $159.66. The stock’s fifty day moving average price is $103.96 and its two-hundred day moving average price is $122.45. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.91 and a quick ratio of 1.20. The company has a market cap of $2.48 billion, a P/E ratio of 12.55 and a beta of 1.18.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business earned $2.19 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, analysts expect that LCI Industries will post 8.83 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, May 29th. LCI Industries’s payout ratio is presently 56.51%.

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.