NewEdge Wealth LLC Invests $1.87 Million in LCI Industries $LCII

Key Points

• NewEdge Wealth acquired 17,697 shares of LCI Industries valued at approximately $1.87 million, while institutional investors collectively own 99.71% of the company.
• Analyst sentiment is mixed, with three Buy, six Hold and one Sell rating; the consensus rating is Hold with an average price target of $126.25.
• LCI Industries exceeded quarterly EPS estimates with $2.70 per share, but revenue fell 12.6% year over year to $1.10 billion. The company also declared a $1.15 quarterly dividend, equivalent to a 4.4% annualized yield.

NewEdge Wealth LLC acquired a new position in shares of LCI Industries (NYSE:LCII - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,697 shares of the company's stock, valued at approximately $1,874,000. NewEdge Wealth LLC owned about 0.07% of LCI Industries as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in LCI Industries during the second quarter valued at approximately $45,200,000. Principal Financial Group Inc. boosted its holdings in shares of LCI Industries by 36.7% during the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company's stock valued at $80,666,000 after acquiring an additional 176,101 shares during the period. Rice Hall James & Associates LLC acquired a new position in LCI Industries during the 2nd quarter valued at about $15,105,000. FIL Ltd bought a new position in LCI Industries in the 4th quarter worth approximately $16,660,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 purchasing an additional 135,664 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LCII shares. Truist Financial lowered their price objective on shares of LCI Industries from $135.00 to $114.00 and set a "hold" rating on the stock in a research note on Wednesday, July 8th. Benchmark reduced their price objective 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. BMO Capital Markets set a $118.00 target price on LCI Industries in a research report on Thursday, August 6th. Zacks Research downgraded shares of LCI Industries from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Finally, Roth Capital reaffirmed 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. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $126.25.

LCI Industries Stock Performance

NYSE LCII opened at $105.26 on Friday. LCI Industries has a 52-week low of $84.33 and a 52-week high of $159.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.49 and a quick ratio of 1.20. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 12.24 and a beta of 1.18. The company's fifty day moving average is $102.25 and its two-hundred day moving average is $116.54.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.12. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The company's quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company earned $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Equities research analysts forecast that LCI Industries will post 8.45 EPS for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.4%. LCI Industries's dividend payout ratio is presently 53.49%.

LCI Industries Profile

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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