New York State Teachers Retirement System Has $3.47 Million Position in LCI Industries $LCII

New York State Teachers Retirement System cut its stake in shares of LCI Industries (NYSE:LCII) by 24.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,238 shares of the company’s stock after selling 9,335 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of LCI Industries worth $3,473,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of LCI Industries during the first quarter valued at about $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of LCI Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock valued at $1,290,000 after buying an additional 643 shares during the period. Empowered Funds LLC acquired a new stake in shares of LCI Industries in the 1st quarter valued at about $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in LCI Industries by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after buying an additional 7,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in LCI Industries in the 2nd quarter valued at about $1,542,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Stock Up 1.6%

Shares of NYSE:LCII opened at $102.19 on Friday. The business’s 50 day moving average is $103.96 and its 200 day moving average is $122.45. LCI Industries has a 12-month low of $84.33 and a 12-month high of $159.66. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 12.55 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 2.91 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $2.19 EPS. LCI Industries’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. On average, sell-side analysts forecast that LCI Industries will post 8.83 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings downgraded LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Stifel Nicolaus began coverage on LCI Industries in a research report on Tuesday, March 24th. They set a “buy” rating and a $152.00 target price on the stock. Roth Capital upgraded LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Wednesday, May 6th. Finally, Truist Financial reduced their price target on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $142.71.

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.