Bank of New York Mellon Corp Makes New $45.20 Million Investment in LCI Industries $LCII

Bank of New York Mellon Corp bought a new position in shares of LCI Industries (NYSE:LCII - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 426,900 shares of the company's stock, valued at approximately $45,200,000. Bank of New York Mellon Corp owned approximately 1.76% of LCI Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in shares of LCI Industries by 3.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,310 shares of the company's stock valued at $280,000 after acquiring an additional 71 shares during the period. CIBC Asset Management Inc raised its stake in LCI Industries by 3.3% during the 4th quarter. CIBC Asset Management Inc now owns 2,402 shares of the company's stock valued at $291,000 after purchasing an additional 76 shares during the period. Huntington National Bank boosted its position in shares of LCI Industries by 79.8% in the fourth quarter. Huntington National Bank now owns 205 shares of the company's stock worth $25,000 after buying an additional 91 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of LCI Industries by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,559 shares of the company's stock valued at $675,000 after buying an additional 100 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of LCI Industries by 36.8% during the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company's stock valued at $63,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

LCI Industries Stock Down 0.6%

LCII opened at $102.39 on Friday. The company has a market capitalization of $2.49 billion, a P/E ratio of 11.91 and a beta of 1.18. The firm's fifty day moving average price is $103.38 and its two-hundred day moving average price is $114.82. LCI Industries has a fifty-two week low of $84.33 and a fifty-two week high of $159.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.49 and a quick ratio of 1.20.

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 for the quarter, beating the consensus estimate 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 company's revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, analysts anticipate that LCI Industries will post 8.45 EPS for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued 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 is Friday, August 21st. LCI Industries's payout ratio is currently 53.49%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LCII. Zacks Research lowered shares of LCI Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $120.00 target price on shares of LCI Industries in a research report on Thursday, August 6th. Benchmark cut their price target on LCI Industries from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, June 23rd. Robert W. Baird set a $119.00 price target on LCI Industries in a research note on Thursday, August 6th. Finally, 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 report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, LCI Industries has a consensus rating of "Hold" and a consensus price target of $126.25.

LCI Industries 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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