Congress Asset Management Co. Acquires 13,749 Shares of LCI Industries $LCII

Key Points

• Congress Asset Management increased its LCI Industries stake by 21% in the third quarter, adding 13,749 shares for a total of 79,087 shares valued at approximately $6.6 million.
• Institutional ownership remains very high at 99.71%, while analysts maintain a consensus “Hold” rating with an average price target of $126.25.
• LCI Industries reported quarterly EPS of $2.70, exceeding estimates, but revenue fell 12.6% year over year to $1.10 billion. The company also pays a quarterly dividend of $1.15 per share, representing a 5.7% annualized yield.

Congress Asset Management Co. raised its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 21.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,087 shares of the company's stock after purchasing an additional 13,749 shares during the quarter. Congress Asset Management Co. owned 0.33% of LCI Industries worth $6,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of LCI Industries during the second quarter worth approximately $45,200,000. Bank of America Corp DE bought a new stake in shares of LCI Industries in the 2nd quarter worth about $40,408,000. Principal Financial Group Inc. raised its stake in shares of LCI Industries by 36.7% in the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company's stock valued at $80,666,000 after purchasing an additional 176,101 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of LCI Industries in the 2nd quarter valued at about $15,105,000. Finally, Amundi bought a new position in shares of LCI Industries during the first quarter worth about $15,843,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LCII shares. Jefferies Financial Group reiterated a "hold" rating and issued a $120.00 price target on shares of LCI Industries in a research note on Thursday, August 6th. BMO Capital Markets set a $118.00 target price on LCI Industries in a report on Thursday, August 6th. Roth Capital reiterated a "buy" rating and issued a $135.00 target price (down from $155.00) on shares of LCI Industries in a research report on Monday, August 10th. Benchmark lowered their price target on LCI Industries from $150.00 to $125.00 and set a "buy" rating for the company in a report on Tuesday, June 23rd. Finally, Stifel Nicolaus dropped their price target on LCI Industries from $137.00 to $130.00 and set a "buy" rating on the stock in a research 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 issued a Sell rating to the stock. According to data from MarketBeat, LCI Industries presently has a consensus rating of "Hold" and a consensus target price of $126.25.

LCI Industries Trading Down 2.5%

LCI Industries stock opened at $80.09 on Thursday. LCI Industries has a 52-week low of $79.22 and a 52-week 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 firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.31 and a beta of 1.21. The firm has a 50-day moving average price of $96.58 and a two-hundred day moving average price of $105.05.

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 the consensus estimate of $2.58 by $0.12. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $2.39 earnings per share. LCI Industries's 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. Sell-side analysts expect that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Friday, August 21st. LCI Industries's payout ratio is 53.49%.

LCI Industries Company Profile

LCI Industries, operating primarily through its Lippert subsidiary, is a manufacturer and supplier of components and systems for recreational vehicles, marine vessels and other specialty vehicles. Its products are used by original equipment manufacturers and sold through aftermarket and distribution channels.

The company's product portfolio includes chassis, axles, suspension systems, slide-out mechanisms, leveling systems, windows, doors, awnings, steps, towing equipment, furniture, mattresses, appliances, electronics and plumbing products.

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