LCI Industries (NYSE:LCII – Get Free Report) shares dropped 7.1% during mid-day trading on Thursday . The company traded as low as $98.89 and last traded at $99.16. Approximately 84,534 shares were traded during trading, a decline of 76% from the average daily volume of 349,055 shares. The stock had previously closed at $106.78.
Analysts Set New Price Targets
LCII has been the subject of a number of analyst reports. Benchmark reduced their price target on LCI Industries from $175.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Zacks Research downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Stifel Nicolaus started coverage on shares of LCI Industries in a research note on Tuesday, March 24th. They issued a “buy” rating and a $152.00 price target for the company. Weiss Ratings lowered shares of LCI Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $155.00 price target on shares of LCI Industries in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $149.29.
Check Out Our Latest Report on LCI Industries
LCI Industries Trading Down 8.8%
LCI Industries (NYSE:LCII – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. LCI Industries had a net margin of 4.84% and a return on equity of 14.03%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $2.19 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, analysts predict that LCI Industries will post 8.95 EPS for the current year.
LCI Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, May 29th. LCI Industries’s dividend payout ratio (DPR) is currently 56.51%.
Institutional Trading of LCI Industries
Institutional investors have recently made changes to their positions in the stock. Huntington National Bank boosted its holdings in shares of LCI Industries by 79.8% during the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of LCI Industries by 1,818.2% during the fourth quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of LCI Industries during the fourth quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of LCI Industries by 358.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after purchasing an additional 488 shares during the period. Finally, Clearstead Advisors LLC raised its position in LCI Industries by 36.8% during the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock valued at $63,000 after acquiring an additional 139 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
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.
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