Corient Private Wealth LP Invests $1.31 Million in LCI Industries $LCII

Corient Private Wealth LP acquired a new position in shares of LCI Industries (NYSE:LCII) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,418 shares of the company’s stock, valued at approximately $1,315,000.

A number of other hedge funds also recently modified their holdings of LCII. Bank of New York Mellon Corp acquired a new stake in LCI Industries in the second quarter valued at $45,200,000. Bank of America Corp DE acquired a new position in LCI Industries during the 2nd quarter worth about $40,408,000. Principal Financial Group Inc. grew its position 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 valued at $80,666,000 after buying an additional 176,101 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of LCI Industries in the second quarter valued at about $15,105,000. Finally, FIL Ltd acquired a new stake in shares of LCI Industries in the fourth quarter valued at about $16,660,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $102.29 on Friday. LCI Industries has a twelve month low of $84.33 and a twelve month high of $159.66. The stock’s 50 day moving average is $104.37 and its 200-day moving average is $112.85. The company has a quick ratio of 1.20, a current ratio of 2.49 and a debt-to-equity ratio of 0.59. 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 earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $2.39 EPS. The firm’s 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. Sell-side analysts forecast that LCI Industries will post 8.45 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, August 21st. LCI Industries’s dividend payout ratio (DPR) is 53.49%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LCII shares. Benchmark reduced 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. BMO Capital Markets set a $118.00 target price on shares of LCI Industries in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research report on Tuesday. Zacks Research lowered LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Truist Financial cut their target price on LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.