New York Life Investment Management LLC Buys New Stake in LCI Industries $LCII

New York Life Investment Management LLC purchased a new stake in LCI Industries (NYSE:LCII) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,204 shares of the company’s stock, valued at approximately $2,527,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in LCI Industries by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,412,102 shares of the company’s stock worth $173,656,000 after purchasing an additional 20,943 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of LCI Industries in the 2nd quarter valued at $45,200,000. Bank of America Corp DE purchased a new position in shares of LCI Industries in the 2nd quarter valued at $40,408,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of LCI Industries by 28.7% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 298,222 shares of the company’s stock valued at $24,952,000 after buying an additional 66,440 shares during the last quarter. Finally, Amundi purchased a new position in shares of LCI Industries in the 1st quarter valued at $15,843,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Stock Performance

LCII stock traded up $1.17 on Friday, hitting $98.16. The company’s stock had a trading volume of 177,116 shares, compared to its average volume of 699,469. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 12.12 and a beta of 1.19. The firm has a 50 day moving average of $89.34 and a two-hundred day moving average of $109.49. The company has a current ratio of 2.82, a quick ratio of 1.36 and a debt-to-equity ratio of 0.58. LCI Industries has a 1 year low of $77.58 and a 1 year high of $159.66.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Thursday, November 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.06 by $0.15. The company had revenue of $992.48 million for the quarter, compared to the consensus estimate of $990.62 million. LCI Industries had a net margin of 4.99% and a return on equity of 14.51%. LCI Industries’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.97 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.500 EPS. Equities analysts predict that LCI Industries will post 8.41 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 27th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, November 27th. This represents a $4.60 annualized dividend and a dividend yield of 4.7%. LCI Industries’s dividend payout ratio is 56.79%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Truist Financial cut their price target on shares of LCI Industries from $114.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. BMO Capital Markets set a $118.00 price objective on LCI Industries in a report on Thursday, August 6th. Weiss Ratings cut LCI Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Robert W. Baird set a $119.00 target price on LCI Industries in a research report on Thursday, August 6th. Finally, Roth Capital set a $112.00 target price on LCI Industries in a report on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, LCI Industries currently has an average rating of “Hold” and a consensus target price of $113.50.

LCI Industries Profile

LCI Industries designs and manufactures components and related products for recreational vehicles, boats, and other applications. Its offerings include RV chassis, axles, towing and leveling systems, slide-out mechanisms, windows, doors, furniture, and electronic systems, as well as marine seating, hardware, and accessories. The company serves original equipment manufacturers and aftermarket customers, with products used in recreational vehicles, marine vessels, and adjacent markets such as transportation and industrial applications.