The Manufacturers Life Insurance Company Takes $1.22 Million Position in LCI Industries $LCII

The Manufacturers Life Insurance Company bought a new position in shares of LCI Industries (NYSE:LCII) in the second quarter, Holdings Channel reports. The firm bought 11,489 shares of the company’s stock, valued at approximately $1,216,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of LCI Industries by 21,741.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock worth $16,537,000 after buying an additional 135,664 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of LCI Industries by 23.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 231,782 shares of the company’s stock valued at $24,541,000 after buying an additional 44,341 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of LCI Industries during the 1st quarter worth approximately $6,149,000. Rice Hall James & Associates LLC acquired a new stake in shares of LCI Industries during the 2nd quarter worth approximately $15,105,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of LCI Industries by 36.7% in the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock worth $80,666,000 after purchasing an additional 176,101 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of LCII opened at $102.29 on Friday. LCI Industries has a one year low of $84.33 and a one year high of $159.66. The stock’s fifty day moving average is $104.37 and its 200-day moving average is $112.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.20 and a current ratio of 2.49. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 11.89 and a beta of 1.18.

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

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid 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 of this dividend was Friday, August 21st. LCI Industries’s dividend payout ratio is currently 53.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LCII shares. BMO Capital Markets set a $118.00 target price on LCI Industries in a research note on Thursday, August 6th. Stifel Nicolaus cut their price objective on shares of LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Benchmark reduced their target price on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Truist Financial decreased their target price 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. Finally, Robert W. Baird set a $119.00 price target on shares of LCI Industries in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $126.25.

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.