Vanguard Group Inc. Sells 6,613 Shares of LCI Industries $LCII

Vanguard Group Inc. decreased its holdings in shares of LCI Industries (NYSE:LCII) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,669,796 shares of the company’s stock after selling 6,613 shares during the period. Vanguard Group Inc. owned about 0.11% of LCI Industries worth $323,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. M&T Bank Corp grew its position in shares of LCI Industries by 8,419.2% during the 4th quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $89,686,000 after acquiring an additional 730,453 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of LCI Industries by 6.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 4,673 shares of the company’s stock valued at $571,000 after acquiring an additional 297 shares during the period. Salomon & Ludwin LLC grew its position in shares of LCI Industries by 1,818.2% during the 4th quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of LCI Industries by 22.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,269 shares of the company’s stock valued at $882,000 after acquiring an additional 1,324 shares during the period. Finally, Bayforest Capital Ltd grew its position in shares of LCI Industries by 68.7% during the 4th quarter. Bayforest Capital Ltd now owns 1,508 shares of the company’s stock valued at $183,000 after acquiring an additional 614 shares during the period. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark cut their price objective on shares of LCI Industries from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research downgraded shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 target price on shares of LCI Industries in a report on Wednesday, February 18th. Loop Capital reaffirmed a “hold” rating and issued a $149.00 target price on shares of LCI Industries in a report on Thursday, January 22nd. Finally, Robert W. Baird set a $140.00 target price on shares of LCI Industries in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $149.29.

Insiders Place Their Bets

In other LCI Industries news, insider Jamie Schnur sold 10,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $144.66, for a total value of $1,446,600.00. Following the sale, the insider owned 19,420 shares in the company, valued at $2,809,297.20. The trade was a 33.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $142.76, for a total transaction of $1,427,600.00. Following the completion of the sale, the chief executive officer owned 334,973 shares in the company, valued at approximately $47,820,745.48. The trade was a 2.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 90,000 shares of company stock worth $13,137,900 in the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

LCI Industries Trading Down 0.7%

Shares of LCI Industries stock opened at $116.16 on Friday. The company has a market capitalization of $2.82 billion, a P/E ratio of 14.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.14 and a current ratio of 2.91. The company has a fifty day moving average of $123.80 and a 200 day moving average of $124.47. LCI Industries has a fifty-two week low of $83.87 and a fifty-two week high of $159.66.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.37. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. LCI Industries had a net margin of 4.84% and a return on equity of 14.03%. LCI Industries’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts anticipate that LCI Industries will post 8.95 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $1.15 dividend. The ex-dividend date was Friday, March 13th. This represents a $4.60 annualized dividend and a yield of 4.0%. LCI Industries’s payout ratio is presently 56.51%.

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.