Fifth Third Bancorp Has $8.28 Million Stock Holdings in LCI Industries $LCII

Fifth Third Bancorp increased its holdings in shares of LCI Industries (NYSE:LCII) by 45,719.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 67,355 shares of the company’s stock after purchasing an additional 67,208 shares during the quarter. Fifth Third Bancorp’s holdings in LCI Industries were worth $8,283,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in LCI Industries by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,391,159 shares of the company’s stock worth $168,806,000 after acquiring an additional 11,726 shares during the period. M&T Bank Corp increased 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 purchasing an additional 730,453 shares during the period. Bank of Montreal Can lifted its position in shares of LCI Industries by 5.2% in the third quarter. Bank of Montreal Can now owns 458,478 shares of the company’s stock worth $42,707,000 after purchasing an additional 22,634 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of LCI Industries by 29.0% in the fourth quarter. Bank of New York Mellon Corp now owns 429,541 shares of the company’s stock worth $52,120,000 after purchasing an additional 96,572 shares in the last quarter. Finally, ARGA Investment Management LP boosted its holdings in shares of LCI Industries by 0.8% during the fourth quarter. ARGA Investment Management LP now owns 260,001 shares of the company’s stock worth $31,549,000 after purchasing an additional 2,153 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LCII. Wall Street Zen downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Robert W. Baird set a $140.00 target price on shares of LCI Industries in a research note on Wednesday, May 6th. Roth Capital upgraded shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price target on the stock in a report on Wednesday, May 6th. Benchmark dropped 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 note on Tuesday, June 23rd. Finally, Truist Financial dropped 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 note on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $142.71.

LCI Industries Trading Up 0.4%

NYSE:LCII opened at $104.00 on Thursday. The stock’s 50 day moving average price is $102.86 and its 200 day moving average price is $121.86. LCI Industries has a 52 week low of $84.33 and a 52 week high of $159.66. The company has a market capitalization of $2.53 billion, a P/E ratio of 12.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, May 5th. The company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. LCI Industries had a net margin of 4.84% and a return on equity of 14.03%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.19 earnings per share. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, research analysts forecast that LCI Industries will post 8.71 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $1.15 per share. The ex-dividend date was Friday, May 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.4%. LCI Industries’s dividend payout ratio (DPR) is currently 56.51%.

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.