Bank of America Corp DE Has $44.67 Million Position in LCI Industries $LCII

Key Points

• Bank of America reduced its LCI Industries stake by 12.6% in the first quarter, selling 52,555 shares but retaining 363,271 shares worth approximately $44.7 million. Institutional investors and hedge funds collectively own 99.71% of the company.
• LCI Industries reported quarterly EPS of $2.70, exceeding estimates of $2.58, while revenue of $1.10 billion fell short of expectations and declined 12.6% year over year. The company provided fiscal 2026 EPS guidance of $8.25–$8.75.
• Analysts have a consensus “Hold” rating with an average price target of $126.25, compared with the stock’s recent price of $107.21. LCI also announced a quarterly dividend of $1.15 per share, representing a 4.3% annualized yield.

Bank of America Corp DE cut its holdings in LCI Industries (NYSE:LCII - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 363,271 shares of the company's stock after selling 52,555 shares during the period. Bank of America Corp DE owned approximately 1.50% of LCI Industries worth $44,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in LCI Industries by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,412,102 shares of the company's stock worth $173,656,000 after purchasing an additional 20,943 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of LCI Industries by 8,419.2% during the 4th quarter. M&T Bank Corp now owns 739,129 shares of the company's stock worth $89,686,000 after buying an additional 730,453 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of LCI Industries by 36.7% during the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company's stock worth $80,666,000 after buying an additional 176,101 shares during the period. Bank of Montreal Can grew its position in shares of LCI Industries by 5.2% during the 3rd 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 period. Finally, Bank of New York Mellon Corp increased its stake in shares of LCI Industries by 29.0% in the 4th quarter. Bank of New York Mellon Corp now owns 429,541 shares of the company's stock valued at $52,120,000 after acquiring an additional 96,572 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LCII has been the topic of a number of research reports. Roth Capital reiterated a "buy" rating and set a $135.00 target price (down from $155.00) on shares of LCI Industries in a research report on Monday. Weiss Ratings downgraded shares of LCI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Robert W. Baird set a $119.00 price objective on shares of LCI Industries in a report on Thursday, August 6th. BMO Capital Markets set a $118.00 price objective on shares of LCI Industries in a research report on Thursday, August 6th. Finally, Zacks Research downgraded LCI Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $126.25.

LCI Industries Stock Down 0.1%

LCI Industries stock opened at $107.21 on Thursday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.47 and a beta of 1.18. 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. The firm's fifty day moving average price is $100.77 and its two-hundred day moving average price is $118.31.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, topping 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted $2.39 earnings per share. The company's quarterly revenue was down 12.6% compared to the same quarter last year. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, equities research analysts predict that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 21st. LCI Industries's dividend payout ratio is presently 53.49%.

LCI Industries Company Profile

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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