Deutsche Bank AG Makes New Investment in LCI Industries $LCII

Deutsche Bank AG purchased a new position in shares of LCI Industries (NYSE:LCII) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 25,362 shares of the company’s stock, valued at approximately $2,685,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank increased its position in LCI Industries by 79.8% during the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of LCI Industries during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of LCI Industries by 358.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after acquiring an additional 488 shares during the last quarter. Clearstead Advisors LLC raised its holdings in LCI Industries by 36.8% during the 4th 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 stake in shares of LCI Industries in the fourth quarter valued at $64,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LCII. BMO Capital Markets set a $118.00 price target on LCI Industries in a report on Thursday, August 6th. Jefferies Financial Group restated a “hold” rating and set a $120.00 price objective on shares of LCI Industries in a report on Thursday, August 6th. Roth Capital reiterated a “buy” rating and set a $135.00 price target (down from $155.00) on shares of LCI Industries in a research note on Monday, August 10th. Zacks Research cut LCI Industries from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Benchmark reduced their price target on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus target price of $126.25.

LCI Industries Stock Performance

LCII opened at $102.39 on Friday. LCI Industries has a 12-month low of $84.33 and a 12-month high of $159.66. The business has a 50 day moving average of $103.38 and a 200-day moving average of $114.82. 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 stock has a market cap of $2.49 billion, a price-to-earnings ratio of 11.91 and a beta of 1.18.

LCI Industries (NYSE:LCII) last issued its quarterly 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%.LCI Industries’s revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the business earned $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, equities research analysts expect that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Dividend Announcement

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