Callan Family Office LLC acquired a new stake in LCI Industries (NYSE:LCII - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,676 shares of the company's stock, valued at approximately $2,401,000. Callan Family Office LLC owned 0.09% of LCI Industries at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in LCII. AQR Capital Management LLC bought a new position in LCI Industries during the first quarter valued at about $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in LCI Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company's stock valued at $1,290,000 after acquiring an additional 643 shares during the last quarter. Empowered Funds LLC purchased a new position in LCI Industries in the first quarter valued at about $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of LCI Industries by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company's stock valued at $6,702,000 after acquiring an additional 7,515 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of LCI Industries during the 2nd quarter valued at approximately $1,542,000. 99.71% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
LCII has been the subject of several research analyst reports. Zacks Research lowered shares of LCI Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. BMO Capital Markets set a $118.00 price objective on LCI Industries in a research note on Thursday, August 6th. Benchmark reduced their price objective on LCI Industries from $150.00 to $125.00 and set a "buy" rating for the company in a report on Tuesday, June 23rd. Stifel Nicolaus decreased their target price on LCI Industries from $137.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $120.00 target price on shares of LCI Industries in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, LCI Industries currently has an average rating of "Hold" and an average price target of $126.25.
Check Out Our Latest Analysis on LCII
LCI Industries Price Performance
LCII opened at $102.08 on Friday. The firm has a 50-day moving average price of $102.43 and a 200-day moving average price of $116.44. LCI Industries has a twelve month low of $84.33 and a twelve month high of $159.66. The company has a quick ratio of 1.20, a current ratio of 2.49 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.87 and a beta of 1.18.
LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 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 analysts' expectations of $1.12 billion. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. LCI Industries'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. Equities analysts expect that LCI Industries will post 8.45 EPS for the current year.
LCI Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a dividend of $1.15 per share. The ex-dividend date is Friday, August 21st. This represents a $4.60 annualized dividend and a dividend yield of 4.5%. LCI Industries's dividend payout ratio is currently 53.49%.
About LCI Industries
(
Free Report)
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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