Fort Washington Investment Advisors Inc. OH Purchases 66,440 Shares of LCI Industries $LCII

Key Points

• Fort Washington Investment Advisors increased its LCI Industries stake by 28.7% in the third quarter, adding 66,440 shares to own 298,222 shares valued at approximately $25 million. Institutional investors collectively hold 99.71% of the company.
• Analysts maintain a consensus “Hold” rating on LCII, with an average price target of $126.25; three analysts rate it a Buy and seven recommend Hold.
• LCI Industries reported quarterly EPS of $2.70, beating estimates, but revenue fell 12.6% year over year. Shares opened at $84.11, while the company’s quarterly dividend of $1.15 per share implies an annualized yield of about 5.5%.

Fort Washington Investment Advisors Inc. OH raised its position in shares of LCI Industries (NYSE:LCII - Free Report) by 28.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 298,222 shares of the company's stock after acquiring an additional 66,440 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 1.23% of LCI Industries worth $24,952,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LCII. Congress Asset Management Co. lifted its stake in shares of LCI Industries by 21.0% in the 3rd quarter. Congress Asset Management Co. now owns 79,087 shares of the company's stock valued at $6,617,000 after purchasing an additional 13,749 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of LCI Industries by 30.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,974 shares of the company's stock valued at $165,000 after purchasing an additional 460 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of LCI Industries by 354.5% during the 3rd quarter. Versant Capital Management Inc now owns 459 shares of the company's stock valued at $38,000 after purchasing an additional 358 shares in the last quarter. Tidal Investments LLC grew its stake in LCI Industries by 21.3% during the second quarter. Tidal Investments LLC now owns 9,403 shares of the company's stock worth $996,000 after purchasing an additional 1,651 shares during the period. Finally, Engineers Gate Manager LP grew its stake in LCI Industries by 305.2% during the second quarter. Engineers Gate Manager LP now owns 16,127 shares of the company's stock worth $1,708,000 after purchasing an additional 12,147 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LCII shares. Weiss Ratings downgraded LCI Industries from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 8th. Benchmark cut their price target on LCI Industries from $150.00 to $125.00 and set a "buy" rating on the stock in a report on Tuesday, June 23rd. Jefferies Financial Group restated a "hold" rating and set a $120.00 price target on shares of LCI Industries in a report on Thursday, August 6th. BMO Capital Markets set a $118.00 price objective on shares of LCI Industries in a research report on Thursday, August 6th. Finally, Truist Financial reduced their price objective on shares of LCI Industries from $135.00 to $114.00 and set a "hold" rating for the company in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, LCI Industries currently has a consensus rating of "Hold" and an average target price of $126.25.

LCI Industries Price Performance

Shares of NYSE LCII opened at $84.11 on Friday. The firm's 50-day moving average price is $93.58 and its 200-day moving average price is $103.29. LCI Industries has a 1-year low of $77.58 and a 1-year high of $159.66. The firm has a market capitalization of $2.04 billion, a P/E ratio of 9.59 and a beta of 1.21. 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 released its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, topping 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%. The business's revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Equities research analysts anticipate that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Friday, August 21st. LCI Industries's dividend payout ratio is 53.49%.

LCI Industries 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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