UBS Group AG Sells 52,228 Shares of LCI Industries $LCII

UBS Group AG trimmed its stake in shares of LCI Industries (NYSE:LCII) by 52.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,246 shares of the company’s stock after selling 52,228 shares during the period. UBS Group AG’s holdings in LCI Industries were worth $5,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of LCII. M&T Bank Corp boosted its holdings 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 purchasing an additional 730,453 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in LCI Industries during the fourth quarter valued at approximately $27,142,000. AQR Capital Management LLC grew its holdings in LCI Industries by 926.5% during the 2nd quarter. AQR Capital Management LLC now owns 68,993 shares of the company’s stock valued at $6,291,000 after buying an additional 62,272 shares in the last quarter. American Century Companies Inc. grew its holdings in LCI Industries by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock valued at $81,083,000 after buying an additional 59,734 shares in the last quarter. Finally, Royce & Associates LP increased its stake in LCI Industries by 8.6% in the 3rd quarter. Royce & Associates LP now owns 672,004 shares of the company’s stock worth $62,597,000 after acquiring an additional 53,405 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Transactions at LCI Industries

In other news, insider Ryan Richard Smith sold 20,000 shares of the firm’s 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 completion of the sale, the insider owned 10,092 shares in the company, valued at approximately $1,491,698.52. This trade represents a 66.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jamie Schnur sold 10,000 shares of LCI Industries stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $144.66, for a total transaction of $1,446,600.00. Following the transaction, the insider directly owned 19,420 shares of the company’s stock, valued at approximately $2,809,297.20. This represents a 33.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 90,000 shares of company stock worth $13,137,900. 3.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Benchmark lowered their target price on LCI Industries from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Zacks Research cut 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 set a $155.00 price target on shares of LCI Industries in a research note on Wednesday, February 18th. Truist Financial dropped their price objective on shares of LCI Industries from $147.00 to $135.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Finally, Robert W. Baird set a $140.00 target price on shares of LCI Industries in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.29.

LCI Industries Price Performance

Shares of LCI Industries stock opened at $109.85 on Thursday. The stock has a market cap of $2.67 billion, a price-to-earnings 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 stock has a 50 day moving average price of $119.96 and a 200-day moving average price of $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 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.37. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.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. Equities analysts expect that LCI Industries will post 8.95 EPS for the current year.

LCI Industries Announces Dividend

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

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.