Renaissance Technologies LLC Reduces Stake in LCI Industries $LCII

Renaissance Technologies LLC lowered its position in LCI Industries (NYSE:LCII) by 23.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,100 shares of the company’s stock after selling 6,097 shares during the period. Renaissance Technologies LLC owned about 0.08% of LCI Industries worth $2,472,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in LCI Industries by 3.2% in 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 lifted its stake in shares of LCI Industries by 3.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,402 shares of the company’s stock worth $291,000 after purchasing an additional 76 shares during the period. Huntington National Bank boosted its holdings in shares of LCI Industries by 79.8% in the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in LCI Industries by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,559 shares of the company’s stock valued at $675,000 after buying an additional 100 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of LCI Industries by 36.8% in the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Trading Up 0.1%

LCI Industries stock opened at $108.86 on Monday. The stock has a market cap of $2.65 billion, a P/E ratio of 12.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.49 and a quick ratio of 1.20. LCI Industries has a 1 year low of $84.33 and a 1 year high of $159.66. The firm’s 50 day moving average price is $100.79 and its 200-day moving average price is $119.15.

LCI Industries (NYSE:LCII) last issued its earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. LCI Industries’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, equities analysts predict that LCI Industries will post 8.49 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 21st. LCI Industries’s dividend payout ratio is 53.49%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BMO Capital Markets set a $118.00 target price on LCI Industries in a research report on Thursday. Truist Financial reduced their price target on LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Roth Capital raised LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price objective on the stock in a research note on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $120.00 price objective on shares of LCI Industries in a research report on Thursday. Finally, Stifel Nicolaus cut 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. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $129.88.

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.