Empowered Funds LLC Purchases Shares of 100,329 LCI Industries $LCII

Empowered Funds LLC purchased a new stake in shares of LCI Industries (NYSE:LCII) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 100,329 shares of the company’s stock, valued at approximately $10,623,000. Empowered Funds LLC owned 0.41% of LCI Industries as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in LCI Industries during the 2nd quarter worth about $45,200,000. Bank of America Corp DE acquired a new stake in LCI Industries during the second quarter worth about $40,408,000. Principal Financial Group Inc. boosted its holdings in LCI Industries by 36.7% during the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock valued at $80,666,000 after purchasing an additional 176,101 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of LCI Industries in the 2nd quarter valued at approximately $15,105,000. Finally, FIL Ltd acquired a new position in shares of LCI Industries in the 4th quarter worth approximately $16,660,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on LCII. Truist Financial decreased their price target on LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings lowered LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Zacks Research cut LCI Industries from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Benchmark lowered their target price on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Finally, Robert W. Baird set a $119.00 target price on shares of LCI Industries in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and an average price target of $126.25.

LCI Industries Stock Up 0.9%

Shares of LCII opened at $103.18 on Friday. The business’s fifty day moving average price is $103.61 and its two-hundred day moving average price is $114.74. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 12.00 and a beta of 1.18. LCI Industries has a 52 week low of $84.33 and a 52 week high of $159.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.20 and a current ratio of 2.49.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.12. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, analysts predict that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a dividend of $1.15 per share. The ex-dividend date is Friday, August 21st. This represents a $4.60 dividend on an annualized basis and a yield of 4.5%. LCI Industries’s dividend payout ratio is presently 53.49%.

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.