LCI Industries (NYSE:LCII) Shares Climb 6.6% - What's Next?

Key Points

• LCI Industries shares rose 6.6% in Thursday trading, reaching $83.32, though volume was sharply below average.
• Analysts maintain a consensus “Hold” rating with a $126.25 price target; three analysts rate the stock a Buy and seven rate it a Hold.
• The company beat quarterly EPS estimates with $2.70 per share, despite a 12.6% year-over-year revenue decline. LCI also pays a $1.15 quarterly dividend, representing a 5.6% annualized yield, while institutional investors own 99.71% of the stock.

LCI Industries (NYSE:LCII - Get Free Report) shares shot up 6.6% during trading on Thursday. The stock traded as high as $80.36 and last traded at $83.32. 8,824 shares traded hands during trading, a decline of 98% from the average session volume of 378,672 shares. The stock had previously closed at $78.16.

Analyst Upgrades and Downgrades

LCII has been the subject of several analyst reports. Weiss Ratings lowered shares of LCI Industries from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. Zacks Research raised shares of LCI Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, October 9th. Roth Capital reiterated a "buy" rating and set a $135.00 price target (down from $155.00) on shares of LCI Industries in a research note on Monday, August 10th. Jefferies Financial Group reissued a "hold" rating and set a $120.00 price objective on shares of LCI Industries in a report on Thursday, August 6th. Finally, Truist Financial cut their price objective on LCI Industries from $135.00 to $114.00 and set a "hold" rating on the stock in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $126.25.

LCI Industries Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.20 and a current ratio of 2.49. The stock's 50-day simple moving average is $94.02 and its two-hundred day simple moving average is $103.55. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 9.64 and a beta of 1.21.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings results 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. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $2.39 earnings per share. The firm's revenue was down 12.6% compared to the same quarter last year. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. 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 was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were issued a dividend of $1.15 per share. The ex-dividend date was Friday, August 21st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 5.6%. LCI Industries's payout ratio is 53.49%.

Institutional Investors Weigh In On LCI Industries

Several hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC grew its position in LCI Industries by 32.6% during the second quarter. Squarepoint Ops LLC now owns 88,640 shares of the company's stock worth $9,385,000 after buying an additional 21,771 shares in the last quarter. Corient Private Wealth LP acquired a new position in LCI Industries in the 2nd quarter valued at approximately $1,315,000. Legal & General Group Plc acquired a new position in LCI Industries in the 2nd quarter valued at approximately $6,023,000. Fort Washington Investment Advisors Inc. OH lifted its position in shares of LCI Industries by 23.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 231,782 shares of the company's stock worth $24,541,000 after acquiring an additional 44,341 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of LCI Industries in the 2nd quarter worth approximately $1,216,000. 99.71% of the stock is owned by institutional investors.

About LCI Industries

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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