Vanguard Group Inc. Sells 6,613 Shares of LCI Industries $LCII

Vanguard Group Inc. decreased its holdings in shares of LCI Industries (NYSE:LCII) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,669,796 shares of the company’s stock after selling 6,613 shares during the quarter. Vanguard Group Inc. owned about 11.03% of LCI Industries worth $323,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. raised its holdings in LCI Industries by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock valued at $81,083,000 after acquiring an additional 59,734 shares during the period. M&T Bank Corp increased its holdings in shares of LCI Industries by 8,419.2% in the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock worth $89,686,000 after purchasing an additional 730,453 shares during the period. Royce & Associates LP increased its holdings in shares of LCI Industries by 8.6% in the third quarter. Royce & Associates LP now owns 672,004 shares of the company’s stock worth $62,597,000 after purchasing an additional 53,405 shares during the period. Bank of Montreal Can increased its holdings 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 during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of LCI Industries in the fourth quarter worth $27,142,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 0.7%

LCII opened at $116.16 on Friday. The stock has a market cap of $2.82 billion, a PE ratio of 14.27 and a beta of 1.21. The company has a quick ratio of 1.14, a current ratio of 2.91 and a debt-to-equity ratio of 0.68. LCI Industries has a 52 week low of $83.87 and a 52 week high of $159.66. The business’s fifty day simple moving average is $123.80 and its 200 day simple moving average is $124.47.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.37. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.19 earnings per share. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. As a group, research analysts expect that LCI Industries will post 8.95 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, March 13th. LCI Industries’s dividend payout ratio is currently 56.51%.

Insider Buying and Selling

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $142.76, for a total value of $1,427,600.00. Following the completion of the sale, the chief executive officer directly owned 334,973 shares in the company, valued at $47,820,745.48. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jamie Schnur sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $144.66, for a total transaction of $1,446,600.00. Following the completion of the transaction, the insider owned 19,420 shares of the company’s stock, valued at approximately $2,809,297.20. The trade was a 33.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,000 shares of company stock valued at $13,137,900 over the last ninety days. 3.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LCII has been the topic of several research analyst reports. Zacks Research cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Benchmark decreased their price target on shares of LCI Industries from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday. Roth Mkm raised 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. Wall Street Zen cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Truist Financial decreased their price target on shares of LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and a consensus price target of $149.29.

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.