12,418 Shares in LCI Industries $LCII Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 12,418 LCI Industries shares worth approximately $1.315 million, while institutional investors collectively own 99.71% of the company.
• LCI Industries exceeded quarterly EPS expectations, reporting $2.70 versus the $2.58 consensus estimate, though revenue fell 12.6% year over year to $1.10 billion.
• The company pays a quarterly dividend of $1.15, equivalent to $4.60 annually and a 4.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $126.25, above the reported $102.29 share price.

Corient Private Wealth LP acquired a new position in shares of LCI Industries (NYSE:LCII - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,418 shares of the company's stock, valued at approximately $1,315,000. Corient Private Wealth LP owned approximately 0.05% of LCI Industries as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of LCI Industries by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,412,102 shares of the company's stock valued at $173,656,000 after purchasing an additional 20,943 shares during the period. Principal Financial Group Inc. grew its holdings in LCI Industries by 36.7% during the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company's stock worth $80,666,000 after purchasing an additional 176,101 shares during the period. Bank of Montreal Can increased its position in LCI Industries by 5.2% during the third quarter. Bank of Montreal Can now owns 458,478 shares of the company's stock worth $42,707,000 after buying an additional 22,634 shares during the last quarter. Bank of New York Mellon Corp increased its position in LCI Industries by 29.0% during the fourth quarter. Bank of New York Mellon Corp now owns 429,541 shares of the company's stock worth $52,120,000 after buying an additional 96,572 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in LCI Industries in the second quarter valued at approximately $40,408,000. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Price Performance

Shares of NYSE LCII opened at $102.29 on Friday. The firm has a market cap of $2.49 billion, a P/E ratio of 11.89 and a beta of 1.18. The business's 50 day moving average is $104.37 and its 200-day moving average is $112.85. The company has a current ratio of 2.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59. LCI Industries has a 1-year low of $84.33 and a 1-year high of $159.66.

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

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, August 21st. LCI Industries's payout ratio is presently 53.49%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Roth Capital reaffirmed a "buy" rating and issued a $135.00 price objective (down from $155.00) on shares of LCI Industries in a research report on Monday, August 10th. Benchmark dropped their price target on LCI Industries from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, June 23rd. Stifel Nicolaus cut their price target on LCI Industries from $137.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Zacks Research cut shares of LCI Industries from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Finally, BMO Capital Markets set a $118.00 price objective on shares of LCI Industries in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, LCI Industries presently has a consensus rating of "Hold" and an average target price of $126.25.

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.

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