State of Wyoming Takes Position in LCI Industries $LCII

State of Wyoming purchased a new stake in shares of LCI Industries (NYSE:LCII) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,448 shares of the company’s stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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. Salomon & Ludwin LLC boosted its stake in shares of LCI Industries by 1,818.2% in the 4th quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of LCI Industries in the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of LCI Industries by 358.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after acquiring an additional 488 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of LCI Industries by 36.8% in the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock valued at $63,000 after acquiring an additional 139 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets set a $118.00 price target on LCI Industries in a research report on Thursday, August 6th. Zacks Research cut LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Stifel Nicolaus reduced their price objective on LCI Industries from $137.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings lowered LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Benchmark lowered their target price on LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $126.25.

LCI Industries Price Performance

Shares of NYSE LCII opened at $105.90 on Monday. The stock has a fifty day simple moving average of $101.22 and a two-hundred day simple moving average of $117.75. LCI Industries has a 1-year low of $84.33 and a 1-year high of $159.66. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 12.31 and a beta of 1.18. 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 released its earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the business posted $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Analysts anticipate that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Dividend Announcement

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 $1.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.60 annualized dividend and a yield of 4.3%. LCI Industries’s dividend payout ratio (DPR) is 53.49%.

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.