Public Sector Pension Investment Board Has $8.81 Million Stock Holdings in LCI Industries $LCII

Public Sector Pension Investment Board decreased its position in LCI Industries (NYSE:LCII) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 94,523 shares of the company’s stock after selling 4,069 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of LCI Industries worth $8,805,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LCII. Geode Capital Management LLC grew its stake in LCI Industries by 1.5% during the second quarter. Geode Capital Management LLC now owns 589,603 shares of the company’s stock worth $53,772,000 after buying an additional 8,942 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of LCI Industries by 47.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 504,761 shares of the company’s stock worth $46,029,000 after acquiring an additional 161,472 shares in the last quarter. Bank of Montreal Can grew its position in LCI Industries by 70.4% during the 2nd quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock worth $39,745,000 after acquiring an additional 180,060 shares during the last quarter. ARGA Investment Management LP increased its holdings in LCI Industries by 1,386.8% during the 2nd quarter. ARGA Investment Management LP now owns 424,374 shares of the company’s stock valued at $38,699,000 after purchasing an additional 395,831 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in LCI Industries by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 347,608 shares of the company’s stock valued at $31,698,000 after purchasing an additional 5,592 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on LCII. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Loop Capital reissued a “hold” rating and set a $149.00 price objective on shares of LCI Industries in a report on Thursday, January 22nd. Truist Financial set a $147.00 target price on shares of LCI Industries in a research note on Tuesday, January 20th. Finally, BMO Capital Markets upgraded shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a research report on Monday, November 3rd. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $125.20.

LCI Industries Stock Performance

LCI Industries stock opened at $157.38 on Tuesday. The company has a market cap of $3.81 billion, a PE ratio of 22.01 and a beta of 1.32. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. LCI Industries has a 1 year low of $72.31 and a 1 year high of $159.66. The company’s 50-day moving average is $135.71 and its two-hundred day moving average is $113.30.

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.