LCI Industries $LCII Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in LCI Industries (NYSE:LCII) by 36.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 655,917 shares of the company’s stock after buying an additional 176,101 shares during the period. Principal Financial Group Inc.’s holdings in LCI Industries were worth $80,666,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position 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 acquiring an additional 71 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of LCI Industries by 3.3% during 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 in the last quarter. Huntington National Bank increased its stake in shares of LCI Industries by 79.8% during the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Oregon Public Employees Retirement Fund raised 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 purchasing an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of LCI Industries by 17.1% during the 4th quarter. GAMMA Investing LLC now owns 947 shares of the company’s stock worth $115,000 after purchasing an additional 138 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LCII. Benchmark lowered their target price on LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Zacks Research cut LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Robert W. Baird set a $140.00 price objective on LCI Industries in a research report on Wednesday, May 6th. Weiss Ratings lowered LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $142.71.

LCI Industries Stock Performance

Shares of LCII opened at $108.44 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 13.32 and a beta of 1.18. The company’s 50 day simple moving average is $102.71 and its 200 day simple moving average is $121.75. LCI Industries has a 1 year low of $84.33 and a 1 year high of $159.66.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts predict that LCI Industries will post 8.71 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, May 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.2%. LCI Industries’s dividend payout ratio (DPR) is 56.51%.

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.