Geode Capital Management LLC Lowers Holdings in LCI Industries $LCII

Geode Capital Management LLC trimmed its holdings in LCI Industries (NYSE:LCII) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568,894 shares of the company’s stock after selling 13,909 shares during the period. Geode Capital Management LLC owned about 2.35% of LCI Industries worth $69,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its position in shares of LCI Industries by 1,818.2% in the fourth quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of LCI Industries in the fourth quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of LCI Industries by 358.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after acquiring an additional 488 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of LCI Industries by 36.8% in the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock valued at $63,000 after acquiring an additional 139 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of LCI Industries in the fourth quarter valued at about $74,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LCII. Robert W. Baird set a $140.00 price objective on LCI Industries in a research report on Wednesday, May 6th. Benchmark decreased their target price on LCI Industries from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings cut LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, BMO Capital Markets restated a “market perform” rating and set a $155.00 price target on shares of LCI Industries in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $149.29.

LCI Industries Trading Down 1.5%

Shares of NYSE LCII opened at $92.81 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. The business’s 50 day moving average price is $115.64 and its 200-day moving average price is $125.64. LCI Industries has a fifty-two week low of $84.33 and a fifty-two week high of $159.66. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 11.40 and a beta of 1.17.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.37. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $2.19 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts expect that LCI Industries will post 8.95 earnings per share for the current year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, May 29th. LCI Industries’s dividend payout ratio is presently 56.51%.

About LCI Industries

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.