Moore Capital Management LP Purchases Shares of 50,000 LCI Industries $LCII

Moore Capital Management LP acquired a new position in LCI Industries (NYSE:LCII) in the second quarter, HoldingsChannel reports. The firm acquired 50,000 shares of the company’s stock, valued at approximately $5,294,000.

Other institutional investors also recently made changes to their positions in the company. Huntington National Bank grew its holdings in shares of LCI Industries by 79.8% during the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in LCI Industries during the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of LCI Industries by 358.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after buying an additional 488 shares during the last quarter. Clearstead Advisors LLC increased 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 worth $63,000 after buying an additional 139 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of LCI Industries in the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

LCII opened at $100.85 on Tuesday. 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 has a 52-week low of $84.33 and a 52-week high of $159.66. The stock has a market capitalization of $2.45 billion, a PE ratio of 11.73 and a beta of 1.18. The stock’s 50 day moving average price is $103.80 and its 200-day moving average price is $114.08.

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

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors 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 annualized dividend and a dividend yield of 4.6%. LCI Industries’s payout ratio is currently 53.49%.

Wall Street Analyst Weigh In

LCII has been the subject of several analyst reports. BMO Capital Markets set a $118.00 target price on LCI Industries in a report on Thursday, August 6th. Benchmark lowered their price objective on LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Jefferies Financial Group reissued a “hold” rating and set a $120.00 price objective on shares of LCI Industries in a research note on Thursday, August 6th. Roth Capital reaffirmed 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. Finally, Truist Financial dropped their price target on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $126.25.

LCI Industries Company 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.