Pacer Advisors Inc. Has $12.49 Million Stock Position in LCI Industries $LCII

Pacer Advisors Inc. reduced its stake in shares of LCI Industries (NYSE:LCII) by 43.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,035 shares of the company’s stock after selling 104,980 shares during the quarter. Pacer Advisors Inc.’s holdings in LCI Industries were worth $12,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new position in shares of LCI Industries during the 2nd quarter worth about $224,000. Texas Permanent School Fund Corp increased its stake in LCI Industries by 54.1% during the second quarter. Texas Permanent School Fund Corp now owns 20,542 shares of the company’s stock valued at $1,873,000 after acquiring an additional 7,213 shares during the period. State of Wyoming increased its stake in LCI Industries by 571.4% during the second quarter. State of Wyoming now owns 3,545 shares of the company’s stock valued at $323,000 after acquiring an additional 3,017 shares during the period. Kestra Investment Management LLC raised its holdings in LCI Industries by 36.5% in the 2nd quarter. Kestra Investment Management LLC now owns 3,778 shares of the company’s stock valued at $345,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of LCI Industries by 6.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 98,592 shares of the company’s stock worth $8,991,000 after acquiring an additional 6,002 shares during the period. 99.71% of the stock is owned by institutional investors.

LCI Industries Stock Up 0.2%

LCII opened at $124.00 on Friday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 17.34 and a beta of 1.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78. The firm’s 50-day simple moving average is $110.44 and its 200-day simple moving average is $101.62. LCI Industries has a twelve month low of $72.31 and a twelve month high of $125.00.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The firm had revenue of $1 billion for the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. Equities research analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $1.15 per share. The ex-dividend date was Friday, November 28th. This represents a $4.60 dividend on an annualized basis and a yield of 3.7%. LCI Industries’s dividend payout ratio is 64.34%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LCII shares. Truist Financial boosted their price objective on LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price objective for the company in a research note on Monday, November 3rd. Loop Capital assumed coverage on shares of LCI Industries in a report on Friday, October 31st. They set a “buy” rating and a $116.00 price objective for the company. Robert W. Baird upped their target price on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $113.67.

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.