Sanctuary Advisors LLC Takes $889,000 Position in LCI Industries $LCII

Sanctuary Advisors LLC purchased a new stake in LCI Industries (NYSE:LCII) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,393 shares of the company’s stock, valued at approximately $889,000.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in LCI Industries in the second quarter valued at $45,200,000. Principal Financial Group Inc. grew its holdings in shares of LCI Industries by 36.7% during the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock worth $80,666,000 after buying an additional 176,101 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of LCI Industries during the second quarter worth about $15,105,000. FIL Ltd acquired a new position in LCI Industries in the 4th quarter valued at about $16,660,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in LCI Industries by 21,741.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock valued at $16,537,000 after acquiring an additional 135,664 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Up 0.9%

LCII stock opened at $103.18 on Friday. The company has a market cap of $2.51 billion, a P/E ratio of 12.00 and a beta of 1.18. LCI Industries has a 52 week low of $84.33 and a 52 week high of $159.66. The company’s 50-day moving average price is $103.61 and its 200 day moving average price is $114.74. The company has a current ratio of 2.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last issued its earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.12. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company posted $2.39 earnings per share. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, research analysts expect that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.60 annualized dividend and a yield of 4.5%. LCI Industries’s payout ratio is currently 53.49%.

Analyst Ratings Changes

LCII has been the topic of several analyst reports. Roth Capital reiterated a “buy” rating and issued a $135.00 target price (down from $155.00) on shares of LCI Industries in a research note on Monday, August 10th. Truist Financial cut their price target on LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Zacks Research downgraded LCI Industries from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Robert W. Baird set a $119.00 price objective on shares of LCI Industries in a research report on Thursday, August 6th. Finally, Stifel Nicolaus dropped their price objective on shares of LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $126.25.

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.