Louisiana State Employees Retirement System Acquires Shares of 10,700 LCI Industries $LCII

Louisiana State Employees Retirement System bought a new position in shares of LCI Industries (NYSE:LCII) during the first quarter, HoldingsChannel reports. The institutional investor bought 10,700 shares of the company’s stock, valued at approximately $1,316,000.

A number of other large investors have also added to or reduced their stakes in LCII. Rockefeller Capital Management L.P. lifted its holdings in LCI Industries by 228.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 847 shares of the company’s stock worth $103,000 after buying an additional 589 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of LCI Industries by 30.9% during the fourth quarter. Corient Private Wealth LLC now owns 3,334 shares of the company’s stock worth $405,000 after acquiring an additional 787 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of LCI Industries in the fourth quarter worth about $8,581,000. Invesco Ltd. boosted its holdings in LCI Industries by 24.0% in the fourth quarter. Invesco Ltd. now owns 126,775 shares of the company’s stock valued at $15,383,000 after purchasing an additional 24,526 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its stake in LCI Industries by 52.5% during the 4th quarter. First Citizens Bank & Trust Co. now owns 4,120 shares of the company’s stock valued at $500,000 after purchasing an additional 1,419 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

LCI Industries Trading Down 0.1%

LCI Industries stock opened at $103.29 on Friday. The firm’s 50-day moving average is $105.23 and its 200-day moving average is $122.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. LCI Industries has a 1 year low of $84.33 and a 1 year high of $159.66. The company has a market cap of $2.51 billion, a P/E ratio of 12.69 and a beta of 1.18.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. LCI Industries had a net margin of 4.84% and a return on equity of 14.03%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, equities analysts expect that LCI Industries will post 8.83 earnings per share 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 paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, May 29th. LCI Industries’s payout ratio is presently 56.51%.

Wall Street Analysts Forecast Growth

LCII has been the topic of a number of recent analyst reports. Stifel Nicolaus began coverage on LCI Industries in a research report on Tuesday, March 24th. They issued a “buy” rating and a $152.00 target price on the stock. Truist Financial decreased their price target on shares of LCI Industries from $147.00 to $135.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Benchmark dropped 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. Robert W. Baird set a $140.00 price target on shares of LCI Industries in a report on Wednesday, May 6th. Finally, Roth Mkm upgraded shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price objective on the stock in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.71.

LCI Industries Company 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.