The Manufacturers Life Insurance Company purchased a new position in LCI Industries (NYSE:LCII – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,489 shares of the company’s stock, valued at approximately $1,216,000.
A number of other large investors have also made changes to their positions in the stock. Huntington National Bank increased its position in LCI Industries by 79.8% during the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Global Retirement Partners LLC purchased a new position in LCI Industries in the 4th quarter valued at about $30,000. Clearstead Advisors LLC boosted its stake in shares of LCI Industries by 36.8% during the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after purchasing an additional 139 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of LCI Industries during the 4th quarter worth about $64,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of LCI Industries during the second quarter worth about $64,000. Institutional investors and hedge funds own 99.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on LCII. Truist Financial cut their price objective 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, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Tuesday. Benchmark lowered their target price on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. BMO Capital Markets set a $118.00 price target on LCI Industries in a report on Thursday, August 6th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $120.00 price target on shares of LCI Industries in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $126.25.
LCI Industries Price Performance
LCII opened at $102.29 on Friday. LCI Industries has a 1 year low of $84.33 and a 1 year high of $159.66. The company’s 50 day simple moving average is $104.37 and its 200 day simple moving average is $112.85. The stock has a market capitalization of $2.49 billion, a PE ratio of 11.89 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.20 and a current ratio of 2.49.
LCI Industries (NYSE:LCII – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.58 by $0.12. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. LCI Industries’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. As a group, sell-side analysts expect that LCI Industries will post 8.45 EPS for the current year.
LCI Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, August 21st. LCI Industries’s dividend payout ratio is presently 53.49%.
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.
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