PDT Partners LLC Purchases Shares of 11,900 LCI Industries $LCII

PDT Partners LLC acquired a new position in LCI Industries (NYSE:LCII) in the 2nd quarter, HoldingsChannel reports. The firm acquired 11,900 shares of the company’s stock, valued at approximately $1,260,000.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of LCI Industries during the second quarter valued at approximately $45,200,000. Principal Financial Group Inc. raised its position in 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 purchased a new stake in LCI Industries in the 2nd quarter valued at $15,105,000. FIL Ltd bought a new position in LCI Industries during the 4th quarter valued at $16,660,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in LCI Industries by 21,741.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock valued at $16,537,000 after acquiring an additional 135,664 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

LCII has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a $120.00 target price on shares of LCI Industries in a research note on Thursday, August 6th. Roth Capital reissued a “buy” rating and set a $135.00 price target (down from $155.00) on shares of LCI Industries in a research report on Monday, August 10th. Stifel Nicolaus cut their price target on shares of LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Zacks Research downgraded shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Benchmark decreased their price objective 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. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $126.25.

LCI Industries Stock Down 1.8%

Shares of NYSE:LCII opened at $102.91 on Thursday. LCI Industries has a 1 year low of $84.33 and a 1 year high of $159.66. The company has a market capitalization of $2.50 billion, a PE ratio of 11.97 and a beta of 1.18. The business has a fifty day moving average price of $103.16 and a two-hundred day moving average price of $115.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.49 and a quick ratio of 1.20.

LCI Industries (NYSE:LCII) last released its earnings results on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The business’s revenue for the quarter 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. Analysts forecast that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Announces Dividend

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

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.