PDT Partners LLC Buys New Shares in LCI Industries $LCII

Key Points

• PDT Partners acquired 11,900 shares of LCI Industries in the second quarter, valued at approximately $1.26 million. Institutional investors collectively own 99.71% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $126.25, though several firms recently reduced their targets. LCII opened at $102.91, well below its 52-week high of $159.66.
• LCI Industries exceeded quarterly EPS expectations with $2.70 per share, but revenue fell 12.6% year over year to $1.10 billion. The company declared a $1.15 quarterly dividend, equal to a 4.5% annualized yield.

PDT Partners LLC bought a new position in shares of LCI Industries (NYSE:LCII - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,900 shares of the company's stock, valued at approximately $1,260,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of 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 purchasing an additional 71 shares during the last quarter. CIBC Asset Management Inc lifted its stake in LCI Industries by 3.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,402 shares of the company's stock valued at $291,000 after purchasing an additional 76 shares during the last quarter. Huntington National Bank lifted its stake in LCI Industries by 79.8% in the 4th quarter. Huntington National Bank now owns 205 shares of the company's stock valued at $25,000 after purchasing an additional 91 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in LCI Industries by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,559 shares of the company's stock worth $675,000 after purchasing an additional 100 shares during the period. Finally, Clearstead Advisors LLC grew its holdings in LCI Industries by 36.8% during the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company's stock worth $63,000 after purchasing an additional 139 shares during the period. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LCII shares. Stifel Nicolaus dropped their price objective 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. Robert W. Baird set a $119.00 target price on LCI Industries in a report on Thursday, August 6th. Roth Capital reissued a "buy" rating and set a $135.00 target price (down from $155.00) on shares of LCI Industries in a report on Monday, August 10th. BMO Capital Markets set a $118.00 price target on LCI Industries in a research note on Thursday, August 6th. Finally, Truist Financial cut their price target on LCI Industries from $135.00 to $114.00 and set a "hold" rating for the company in a report on Wednesday, July 8th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $126.25.

LCI Industries Stock Performance

Shares of LCII stock opened at $102.91 on Thursday. The firm has a 50 day moving average of $103.16 and a 200-day moving average of $115.19. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 11.97 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. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $0.12. The business had revenue of $1.10 billion for 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 firm's revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, equities analysts forecast that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Dividend Announcement

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

LCI Industries Company 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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