Bank of America Corp DE Buys New Holdings in LCI Industries $LCII

Key Points

• Bank of America acquired 381,640 shares of LCI Industries during the second quarter, worth approximately $40.4 million and representing a 1.57% stake. Institutional investors collectively own 99.71% of the company.
• Analysts maintain a broadly cautious outlook, with an average rating of “Hold” and a consensus price target of $126.25; several firms recently lowered their targets.
• LCI Industries beat quarterly EPS estimates ($2.70 versus $2.58) but reported a 12.6% year-over-year revenue decline. The company pays a quarterly dividend of $1.15, equating to a 5.3% annualized yield.

Bank of America Corp DE purchased a new position in shares of LCI Industries (NYSE:LCII - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 381,640 shares of the company's stock, valued at approximately $40,408,000. Bank of America Corp DE owned 1.57% of LCI Industries as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Odyssean LLC bought a new position in shares of LCI Industries in the 2nd quarter worth $335,000. Jupiter Topco LLC bought a new stake in LCI Industries during the 2nd quarter valued at $954,000. Kintayl Capital LP bought a new stake in shares of LCI Industries during the second quarter worth about $889,000. Hsbc Holdings PLC acquired a new stake in shares of LCI Industries in the 2nd quarter worth about $314,000. Finally, PDT Partners LLC acquired a new stake in shares of LCI Industries in the 2nd quarter worth about $1,260,000. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LCII. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 price objective on shares of LCI Industries in a research note on Thursday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of LCI Industries in a research note on Tuesday, September 1st. 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. Robert W. Baird set a $119.00 target price on shares of LCI Industries in a research note on Thursday, August 6th. Finally, Benchmark reduced their target price on shares of LCI Industries from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $126.25.

LCI Industries Trading Up 1.6%

Shares of LCI Industries stock opened at $86.99 on Tuesday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 10.12 and a beta of 1.18. 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's 50-day simple moving average is $101.83 and its 200 day simple moving average is $108.65. LCI Industries has a 52-week low of $84.33 and a 52-week high of $159.66.

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

LCI Industries Announces Dividend

The company also recently disclosed 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 5.3%. The ex-dividend date was Friday, August 21st. LCI Industries's dividend payout ratio (DPR) is 53.49%.

LCI Industries Company Profile

LCI Industries, formerly known as Drew Industries, is a manufacturer and supplier of components and systems used primarily in recreational vehicles (RVs), marine products, and other specialty vehicles. The company operates under the Lippert brand and serves original equipment manufacturers as well as aftermarket customers.

Its product portfolio includes chassis and axles, suspension systems, slide-out mechanisms, leveling and stabilization equipment, windows, doors, awnings, steps, furniture, mattresses, appliances, electronics, and related interior and exterior components.

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