Northwestern Mutual Wealth Management Co. Raises Stock Position in LCI Industries $LCII

Northwestern Mutual Wealth Management Co. increased its holdings in shares of LCI Industries (NYSE:LCII) by 21,741.0% in the 4th quarter, HoldingsChannel reports. The firm owned 136,288 shares of the company’s stock after acquiring an additional 135,664 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in LCI Industries were worth $16,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its holdings in shares of LCI Industries by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,559 shares of the company’s stock worth $675,000 after purchasing an additional 100 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of LCI Industries during the fourth quarter worth $252,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of LCI Industries during the fourth quarter worth $309,000. Swiss Life Asset Management Ltd purchased a new position in shares of LCI Industries during the fourth quarter worth $315,000. Finally, International Assets Investment Management LLC purchased a new position in shares of LCI Industries during the fourth quarter worth $74,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, insider Ryan Richard Smith sold 20,000 shares of LCI Industries stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $147.81, for a total value of $2,956,200.00. Following the sale, the insider owned 10,092 shares in the company, valued at $1,491,698.52. This trade represents a 66.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction dated Tuesday, February 24th. The shares were 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. This trade represents a 2.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 90,000 shares of company stock worth $13,137,900 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LCII has been the topic of several analyst reports. BMO Capital Markets restated a “market perform” rating and set a $155.00 price target on shares of LCI Industries in a research report on Wednesday, February 18th. Weiss Ratings upgraded shares of LCI Industries from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Truist Financial dropped their price target on shares of LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Zacks Research lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Stifel Nicolaus initiated coverage on shares of LCI Industries in a research report on Tuesday, March 24th. They set a “buy” rating and a $152.00 price target on the stock. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, LCI Industries currently has a consensus rating of “Hold” and a consensus target price of $149.29.

LCI Industries Stock Up 2.3%

LCII stock opened at $109.85 on Thursday. The firm has a market cap of $2.67 billion, a PE ratio of 13.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. The firm’s fifty day moving average is $119.96 and its 200 day moving average is $125.76. LCI Industries has a one year low of $84.25 and a one year high of $159.66.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.59 EPS 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $2.19 earnings per share. The firm’s revenue 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, research analysts forecast that LCI Industries will post 8.95 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $1.15 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.2%. LCI Industries’s dividend payout ratio (DPR) is 56.51%.

LCI Industries Company 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.