LCI Industries (NYSE:LCII) Stock Jumps 6.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Benchmark cut their target price on LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Weiss Ratings downgraded shares of LCI Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Truist Financial decreased their price target on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. BMO Capital Markets set a $118.00 price target on shares of LCI Industries in a research report on Thursday, August 6th. Finally, Zacks Research upgraded shares of LCI Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, LCI Industries presently has a consensus rating of “Hold” and a consensus target price of $126.25.

LCI Industries Price Performance

The stock has a 50-day moving average price of $93.08 and a two-hundred day moving average price of $103.15. The company has a current ratio of 2.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 9.74 and a beta of 1.21.

LCI Industries (NYSE:LCII) last announced its 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. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. As a group, equities research analysts forecast that LCI Industries will post 8.45 EPS for the current year.

LCI Industries Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.5%. LCI Industries’s dividend payout ratio is 53.49%.

Institutional Trading of LCI Industries

Several large investors have recently bought and sold shares of LCII. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of LCI Industries by 28.7% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 298,222 shares of the company’s stock worth $24,952,000 after buying an additional 66,440 shares during the period. Congress Asset Management Co. raised its stake in LCI Industries by 21.0% in the 3rd quarter. Congress Asset Management Co. now owns 79,087 shares of the company’s stock worth $6,617,000 after acquiring an additional 13,749 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in LCI Industries by 30.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,974 shares of the company’s stock worth $165,000 after acquiring an additional 460 shares during the last quarter. Versant Capital Management Inc lifted its position in LCI Industries by 354.5% during the 3rd quarter. Versant Capital Management Inc now owns 459 shares of the company’s stock worth $38,000 after acquiring an additional 358 shares during the period. Finally, Tidal Investments LLC lifted its position in LCI Industries by 21.3% during the 2nd quarter. Tidal Investments LLC now owns 9,403 shares of the company’s stock worth $996,000 after acquiring an additional 1,651 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Company Profile

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.