Empowered Funds LLC Takes Position in LCI Industries $LCII

Empowered Funds LLC purchased a new position in LCI Industries (NYSE:LCII) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 100,329 shares of the company’s stock, valued at approximately $10,623,000.

A number of other institutional investors have also made changes to their positions in the stock. Huntington National Bank lifted its stake in LCI Industries by 79.8% in the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $25,000 after buying an additional 91 shares during the period. Global Retirement Partners LLC acquired a new position in shares of LCI Industries during the 4th quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its position in shares of LCI Industries by 358.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after buying an additional 488 shares during the period. Clearstead Advisors LLC increased its stake in shares of LCI Industries by 36.8% in the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock valued at $63,000 after acquiring an additional 139 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of LCI Industries in the 4th quarter valued at approximately $64,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LCII has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $120.00 price objective on shares of LCI Industries in a research note on Thursday, August 6th. Truist Financial reduced their price target on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Robert W. Baird set a $119.00 price target on shares of LCI Industries in a report on Thursday, August 6th. Weiss Ratings cut shares of LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Stifel Nicolaus dropped their price objective on LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.25.

LCI Industries Price Performance

NYSE LCII opened at $103.18 on Friday. The business has a 50 day simple moving average of $103.61 and a 200 day simple moving average of $114.74. LCI Industries has a 52-week low of $84.33 and a 52-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 stock has a market cap of $2.51 billion, a price-to-earnings ratio of 12.00 and a beta of 1.18.

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

LCI Industries Announces Dividend

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

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.