Kingsview Wealth Management LLC Acquires Shares of 36,101 LCI Industries $LCII

Kingsview Wealth Management LLC bought a new position in shares of LCI Industries (NYSE:LCII) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 36,101 shares of the company’s stock, valued at approximately $3,822,000.

Several other large investors have also recently modified their holdings of LCII. AQR Capital Management LLC purchased a new stake in shares of LCI Industries during the 1st quarter valued at approximately $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LCI Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock valued at $1,290,000 after buying an additional 643 shares in the last quarter. Empowered Funds LLC purchased a new position in LCI Industries in the 1st quarter valued at approximately $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in LCI Industries by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after acquiring an additional 7,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in LCI Industries during the 2nd quarter valued at $1,542,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

LCI Industries stock opened at $103.18 on Friday. The firm’s 50 day simple moving average is $103.61 and its 200 day simple moving average 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. The firm has a market capitalization of $2.51 billion, a PE ratio of 12.00 and a beta of 1.18. LCI Industries has a 1-year low of $84.33 and a 1-year high of $159.66.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.58 by $0.12. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned $2.39 EPS. The business’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. As a group, analysts expect that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors 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 dividend yield of 4.5%. The ex-dividend date is Friday, August 21st. LCI Industries’s dividend payout ratio (DPR) is 53.49%.

Wall Street Analyst Weigh In

LCII has been the topic of several recent research reports. Benchmark dropped their target price on LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a $120.00 price target on shares of LCI Industries in a research report on Thursday, August 6th. Stifel Nicolaus decreased their price objective on LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research cut LCI Industries from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Roth Capital restated 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. Three 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’s stock. According to MarketBeat, the stock presently has an average 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.