Moore Capital Management LP Invests $5.29 Million in LCI Industries $LCII

Moore Capital Management LP purchased a new stake in shares of LCI Industries (NYSE:LCIIFree Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $5,294,000. Moore Capital Management LP owned about 0.21% of LCI Industries at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LCII. Huntington National Bank raised its position in LCI Industries by 79.8% in the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the period. Global Retirement Partners LLC bought a new position in shares of LCI Industries during the 4th quarter valued at approximately $30,000. Clearstead Advisors LLC grew its position in shares of LCI Industries by 36.8% during the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock valued at $63,000 after acquiring an additional 139 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of LCI Industries during the 4th quarter worth approximately $64,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of LCI Industries during the 2nd quarter worth approximately $64,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on LCII. Zacks Research downgraded LCI Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. BMO Capital Markets set a $118.00 target price on LCI Industries in a research note on Thursday, August 6th. Robert W. Baird set a $119.00 price target on LCI Industries in a research report on Thursday, August 6th. Jefferies Financial Group reissued a “hold” rating and issued a $120.00 price objective on shares of LCI Industries in a report on Thursday, August 6th. Finally, Weiss Ratings cut LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LCI Industries has a consensus rating of “Hold” and a consensus target price of $126.25.

Check Out Our Latest Stock Analysis on LCII

LCI Industries Price Performance

Shares of NYSE LCII opened at $100.85 on Tuesday. The stock has a market cap of $2.45 billion, a PE ratio of 11.73 and a beta of 1.18. LCI Industries has a fifty-two week low of $84.33 and a fifty-two week high of $159.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.20 and a current ratio of 2.49. The stock has a fifty day moving average of $103.80 and a 200-day moving average of $114.08.

LCI Industries (NYSE:LCIIGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The firm’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Equities research analysts anticipate that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.60 annualized dividend and a dividend yield of 4.6%. LCI Industries’s dividend payout ratio is presently 53.49%.

About LCI Industries

(Free Report)

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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Institutional Ownership by Quarter for LCI Industries (NYSE:LCII)

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