Sun Sep 15 10:54:49 UTC 2024: ## Arizona State Retirement System Increases Stake in LCI Industries

**Phoenix, AZ** – The Arizona State Retirement System (ASRS) has increased its holdings in LCI Industries (NYSE: LCII) by 1.9% in the second quarter, according to the company’s latest 13F filing. The institutional investor now owns 7,090 shares of the company, worth $733,000.

This move follows a trend of increased investor interest in LCI Industries. Other institutional investors, including nVerses Capital LLC, Commonwealth Equity Services LLC, Hantz Financial Services Inc., Conestoga Capital Advisors LLC, and Argent Capital Management LLC, have also adjusted their positions in the company during the quarter.

LCI Industries, a manufacturer of components for recreational vehicles (RVs) and related industries, has seen its stock open at $117.65 on Friday. The company boasts a market capitalization of $3.00 billion, a price-to-earnings ratio of 31.97, and a beta of 1.41.

The company recently declared a quarterly dividend of $1.05, payable on September 13th to investors of record as of August 30th. This represents an annualized dividend of $4.20 and a yield of 3.57%.

Analysts at Benchmark have reiterated a “buy” rating on LCI Industries stock, setting a $130.00 price objective. Overall, the stock has an average rating of “Hold” and a consensus target price of $109.00, according to MarketBeat.com.

LCI Industries operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket. The company’s strong performance and positive outlook from analysts suggest continued growth in the RV market and a bright future for LCI Industries.

Read More