Janus Henderson Group PLC Decreases Stock Holdings in LCI Industries $LCII

Janus Henderson Group PLC lowered its stake in shares of LCI Industries (NYSE:LCII) by 83.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,489 shares of the company’s stock after selling 58,989 shares during the quarter. Janus Henderson Group PLC’s holdings in LCI Industries were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in LCI Industries by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,412,102 shares of the company’s stock worth $173,656,000 after purchasing an additional 20,943 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of LCI Industries by 8,419.2% in the 4th quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $89,686,000 after buying an additional 730,453 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $80,666,000 after buying an additional 176,101 shares in the last quarter. Bank of Montreal Can grew its position in shares of LCI Industries by 5.2% in the 3rd quarter. Bank of Montreal Can now owns 458,478 shares of the company’s stock worth $42,707,000 after buying an additional 22,634 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of LCI Industries by 29.0% in the 4th quarter. Bank of New York Mellon Corp now owns 429,541 shares of the company’s stock worth $52,120,000 after buying an additional 96,572 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Robert W. Baird set a $119.00 target price on shares of LCI Industries in a research report on Thursday. Wall Street Zen lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Roth Capital raised LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price target on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus decreased their price objective on LCI Industries from $137.00 to $130.00 and set a “buy” rating for the company in a report on Thursday. Finally, Zacks Research cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, LCI Industries has an average rating of “Hold” and a consensus target price of $129.88.

LCI Industries Stock Up 0.1%

Shares of LCII stock opened at $108.86 on Monday. LCI Industries has a fifty-two week low of $84.33 and a fifty-two 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. The firm has a market capitalization of $2.65 billion, a PE ratio of 12.66 and a beta of 1.18. The stock’s 50-day simple moving average is $100.79 and its 200-day simple moving average is $119.15.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.58 by $0.12. The business had revenue of $1.10 billion during 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 business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Equities analysts expect that LCI Industries will post 8.49 earnings per share 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. This represents a $4.60 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, August 21st. LCI Industries’s dividend payout ratio (DPR) is currently 53.49%.

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.