Engineers Gate Manager LP Raises Stock Holdings in LCI Industries $LCII

Key Points

• Engineers Gate Manager LP increased its LCI Industries stake by 305.2% in the second quarter, holding 16,127 shares worth approximately $1.7 million. Institutional investors collectively own 99.71% of the company.
• LCI Industries trades at $87.07, near its 52-week low, while analysts maintain a consensus “Hold” rating with a $126.25 price target. Recent targets range from $118 to $130, although Zacks Research downgraded the stock to “strong sell.”
• The company exceeded quarterly EPS expectations, reporting $2.70 versus the $2.58 consensus, but revenue fell 12.6% year over year to $1.10 billion. LCI also declared a $1.15 quarterly dividend, representing a 5.3% annualized yield.

Engineers Gate Manager LP raised its position in shares of LCI Industries (NYSE:LCII - Free Report) by 305.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,127 shares of the company's stock after buying an additional 12,147 shares during the period. Engineers Gate Manager LP owned about 0.07% of LCI Industries worth $1,708,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in LCI Industries by 21,741.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company's stock worth $16,537,000 after buying an additional 135,664 shares in the last quarter. Squarepoint Ops LLC boosted its position in LCI Industries by 32.6% during the 2nd quarter. Squarepoint Ops LLC now owns 88,640 shares of the company's stock valued at $9,385,000 after acquiring an additional 21,771 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in LCI Industries by 23.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 231,782 shares of the company's stock valued at $24,541,000 after acquiring an additional 44,341 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of LCI Industries during the 2nd quarter worth approximately $15,105,000. Finally, Corient Private Wealth LP purchased a new position in shares of LCI Industries during the 2nd quarter worth approximately $1,315,000. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LCII. Zacks Research cut LCI Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Benchmark reduced their price target on LCI Industries from $150.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, June 23rd. Stifel Nicolaus decreased their price objective on LCI Industries from $137.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Robert W. Baird set a $119.00 price objective on LCI Industries in a research report on Thursday, August 6th. Finally, BMO Capital Markets set a $118.00 target price on shares of LCI Industries in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $126.25.

LCI Industries Trading Down 0.6%

NYSE:LCII opened at $87.07 on Thursday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 10.12 and a beta of 1.18. 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's 50 day moving average price is $102.76 and its 200-day moving average price is $109.65. LCI Industries has a 52 week low of $84.33 and a 52 week high of $159.66.

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 (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.12. The business had revenue of $1.10 billion for 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%.The firm's quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, equities research analysts forecast that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, August 21st. LCI Industries's dividend payout ratio (DPR) is presently 53.49%.

LCI Industries Company Profile

LCI Industries, formerly known as Drew Industries, is a manufacturer and supplier of components and systems used primarily in recreational vehicles (RVs), marine products, and other specialty vehicles. The company operates under the Lippert brand and serves original equipment manufacturers as well as aftermarket customers.

Its product portfolio includes chassis and axles, suspension systems, slide-out mechanisms, leveling and stabilization equipment, windows, doors, awnings, steps, furniture, mattresses, appliances, electronics, and related interior and exterior components.

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