Comerica Bank Buys 10,661 Shares of LCI Industries $LCII

Key Points

• Comerica Bank increased its stake in LCI Industries by 15.8%, buying 10,661 shares to hold 78,008 shares worth about $9.47 million, while institutional ownership stands at 99.71% and several other funds also materially added positions.
• LCI beat quarterly expectations with $0.89 EPS (vs. $0.69 est.) on $932.7M revenue and set FY2026 guidance of 8.25–9.25 EPS, while analysts have a consensus "Hold" and an average target of $154.29.
• Insiders have been net sellers (including the CEO selling 10,000 shares), with 90,000 shares sold in the last 90 days and insider ownership at 3.3%, and the company pays a quarterly dividend of $1.15 (3.9% yield).

Comerica Bank lifted its stake in LCI Industries (NYSE:LCII - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,008 shares of the company's stock after purchasing an additional 10,661 shares during the period. Comerica Bank owned about 0.32% of LCI Industries worth $9,465,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its holdings in shares of LCI Industries by 174.5% in the third quarter. Teacher Retirement System of Texas now owns 32,624 shares of the company's stock worth $3,039,000 after purchasing an additional 20,741 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of LCI Industries by 424.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 47,423 shares of the company's stock worth $4,417,000 after purchasing an additional 38,381 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of LCI Industries by 563.9% in the third quarter. New York State Common Retirement Fund now owns 51,846 shares of the company's stock worth $4,829,000 after purchasing an additional 44,037 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of LCI Industries in the fourth quarter worth about $27,142,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of LCI Industries in the third quarter worth about $2,440,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LCII. BMO Capital Markets restated a "market perform" rating and issued a $155.00 price target on shares of LCI Industries in a report on Wednesday, February 18th. Roth Mkm restated a "neutral" rating and issued a $164.00 price target on shares of LCI Industries in a report on Thursday, February 19th. Benchmark upped their price target on shares of LCI Industries from $130.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Loop Capital reaffirmed a "hold" rating and issued a $149.00 price objective on shares of LCI Industries in a research note on Thursday, January 22nd. Finally, Truist Financial lowered their price objective on shares of LCI Industries from $147.00 to $135.00 and set a "hold" rating for the company in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $154.29.

Insider Buying and Selling at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $142.76, for a total transaction of $1,427,600.00. Following the completion of the sale, the chief executive officer directly owned 334,973 shares of the company's stock, valued at approximately $47,820,745.48. This represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan Richard Smith sold 20,000 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $147.81, for a total transaction of $2,956,200.00. Following the sale, the insider directly owned 10,092 shares of the company's stock, valued at approximately $1,491,698.52. The trade was a 66.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 90,000 shares of company stock valued at $13,137,900. 3.30% of the stock is currently owned by insiders.

LCI Industries Stock Down 0.3%

NYSE:LCII opened at $117.70 on Thursday. LCI Industries has a 1-year low of $75.41 and a 1-year high of $159.66. The company has a 50-day moving average of $126.05 and a 200 day moving average of $123.39. The firm has a market cap of $2.86 billion, a PE ratio of 15.59 and a beta of 1.35. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 1.14.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.20. LCI Industries had a net margin of 4.57% and a return on equity of 13.55%. The company had revenue of $932.70 million during the quarter, compared to analyst estimates of $913.04 million. During the same period in the prior year, the firm earned $0.37 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-9.25 EPS. As a group, research analysts anticipate that LCI Industries will post 8.78 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, March 13th. LCI Industries's dividend payout ratio is presently 60.93%.

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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