Kingsview Wealth Management LLC Makes New $3.82 Million Investment in LCI Industries $LCII

Kingsview Wealth Management LLC bought a new position in LCI Industries (NYSE:LCII) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 36,101 shares of the company’s stock, valued at approximately $3,822,000. Kingsview Wealth Management LLC owned approximately 0.15% of LCI Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in LCI Industries by 3.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,310 shares of the company’s stock worth $280,000 after purchasing an additional 71 shares during the last quarter. CIBC Asset Management Inc increased its stake in LCI Industries by 3.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,402 shares of the company’s stock valued at $291,000 after buying an additional 76 shares during the last quarter. Huntington National Bank increased its stake in LCI Industries by 79.8% in the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of LCI Industries by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,559 shares of the company’s stock worth $675,000 after buying an additional 100 shares in the last quarter. Finally, Clearstead Advisors LLC lifted 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 worth $63,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Up 0.9%

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

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. LCI Industries’s revenue was down 12.6% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. As a group, equities analysts predict that LCI Industries will post 8.45 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 21st. LCI Industries’s dividend payout ratio (DPR) is currently 53.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LCII shares. BMO Capital Markets set a $118.00 target price on LCI Industries in a report on Thursday, August 6th. Weiss Ratings lowered LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Truist Financial cut their price objective on LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Robert W. Baird set a $119.00 price objective on LCI Industries in a research note on Thursday, August 6th. Finally, Benchmark decreased their target price on LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Three equities research 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $126.25.

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.