Deutsche Bank AG Acquires Shares of 25,362 LCI Industries $LCII

Key Points

• Deutsche Bank acquired 25,362 shares of LCI Industries in the second quarter, worth approximately $2.685 million and representing about 0.10% of the company. Institutional investors collectively own 99.71% of LCII.
• Analysts maintain a generally cautious outlook, with three Buy, six Hold and one Sell rating. The consensus rating is Hold, with an average price target of $126.25, despite several firms recently lowering their targets.
• LCI Industries beat quarterly earnings expectations with $2.70 in EPS, but revenue declined 12.6% year over year to $1.10 billion. The company declared a quarterly dividend of $1.15 per share, equating to a 4.5% annualized yield.

Deutsche Bank AG purchased a new stake in shares of LCI Industries (NYSE:LCII - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,362 shares of the company's stock, valued at approximately $2,685,000. Deutsche Bank AG owned approximately 0.10% of LCI Industries as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LCII. Benchmark decreased their price target on shares of LCI Industries from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, June 23rd. Weiss Ratings lowered shares of LCI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. 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 note on Thursday, August 6th. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 target price on shares of LCI Industries in a research report on Thursday, August 6th. Finally, Roth Capital reissued a "buy" rating and set a $135.00 price target (down from $155.00) on shares of LCI Industries in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $126.25.

LCI Industries Stock Performance

NYSE LCII opened at $102.39 on Friday. LCI Industries has a twelve month low of $84.33 and a twelve month high of $159.66. The stock has a market cap of $2.49 billion, a PE ratio of 11.91 and a beta of 1.18. The stock has a fifty day simple moving average of $103.38 and a 200-day simple moving average of $114.82. 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 (NYSE:LCII - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.LCI Industries's revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the business posted $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Equities analysts anticipate that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, August 21st. LCI Industries's dividend payout ratio (DPR) is currently 53.49%.

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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