Hillsdale Investment Management Inc. Makes New Investment in LCI Industries $LCII

Hillsdale Investment Management Inc. bought a new position in shares of LCI Industries (NYSE:LCII) during the fourth quarter, HoldingsChannel reports. The fund bought 66,820 shares of the company’s stock, valued at approximately $8,108,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LCII. M&T Bank Corp grew its stake in shares of LCI Industries by 8,419.2% during the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock worth $89,686,000 after buying an additional 730,453 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of LCI Industries during the fourth quarter worth $27,142,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of LCI Industries by 21,741.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock worth $16,537,000 after buying an additional 135,664 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of LCI Industries by 926.5% during the second quarter. AQR Capital Management LLC now owns 68,993 shares of the company’s stock worth $6,291,000 after buying an additional 62,272 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of LCI Industries by 7.4% during the third quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock worth $81,083,000 after buying an additional 59,734 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LCII. Benchmark decreased their target price on shares of LCI Industries from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Zacks Research lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. BMO Capital Markets reiterated a “market perform” rating and set a $155.00 price target on shares of LCI Industries in a report on Wednesday, February 18th. Stifel Nicolaus assumed coverage on shares of LCI Industries in a report on Tuesday, March 24th. They set a “buy” rating and a $152.00 price target on the stock. Finally, Weiss Ratings lowered shares of LCI Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, LCI Industries presently has an average rating of “Hold” and an average price target of $149.29.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $108.88 on Friday. The firm has a market cap of $2.64 billion, a PE ratio of 13.38 and a beta of 1.21. The firm’s fifty day moving average is $118.15 and its 200-day moving average is $125.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. LCI Industries has a 52 week low of $84.25 and a 52 week high of $159.66.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 4.84% and a return on equity of 14.03%. LCI Industries’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.19 earnings per share. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. Sell-side analysts predict that LCI Industries will post 8.95 earnings per share for the current year.

LCI Industries Announces Dividend

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