State of Wyoming Takes $577,000 Position in LCI Industries $LCII

State of Wyoming purchased a new stake in shares of LCI Industries (NYSE:LCII) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,448 shares of the company’s stock, valued at approximately $577,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Huntington National Bank grew 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 buying an additional 91 shares in the last quarter. Salomon & Ludwin LLC lifted its position in shares of LCI Industries by 1,818.2% during the fourth quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of LCI Industries during the fourth quarter worth $30,000. Clearstead Advisors LLC lifted its position in shares of 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 acquiring an additional 139 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of LCI Industries in the fourth quarter worth $64,000. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Robert W. Baird set a $119.00 price target on LCI Industries in a research report on Thursday, August 6th. BMO Capital Markets set a $118.00 price objective on LCI Industries in a report on Thursday, August 6th. Jefferies Financial Group restated a “hold” rating and issued a $120.00 target price on shares of LCI Industries in a research note on Thursday, August 6th. Stifel Nicolaus reduced their target price on LCI Industries from $137.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, 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 report on Monday, August 10th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $126.25.

LCI Industries Stock Down 0.2%

Shares of NYSE:LCII opened at $105.90 on Monday. The firm has a fifty day moving average price of $101.22 and a two-hundred day moving average price of $117.75. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 12.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.49 and a quick ratio of 1.20. LCI Industries has a one year low of $84.33 and a one year high of $159.66.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.12. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm posted $2.39 earnings per share. The business’s quarterly revenue was down 12.6% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Analysts anticipate that LCI Industries will post 8.45 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 21st. LCI Industries’s 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.