Renaissance Technologies LLC Sells 6,097 Shares of LCI Industries $LCII

Renaissance Technologies LLC trimmed its position in shares of LCI Industries (NYSE:LCII) by 23.3% during the 1st quarter, Holdings Channel reports. The fund owned 20,100 shares of the company’s stock after selling 6,097 shares during the period. Renaissance Technologies LLC’s holdings in LCI Industries were worth $2,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. M&T Bank Corp grew its holdings in shares of LCI Industries by 8,419.2% in the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $89,686,000 after purchasing an additional 730,453 shares in the last quarter. Principal Financial Group Inc. raised its stake in LCI Industries by 36.7% during the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock valued at $80,666,000 after purchasing an additional 176,101 shares in the last quarter. FIL Ltd bought a new position in LCI Industries during the fourth quarter valued at $16,660,000. Northwestern Mutual Wealth Management Co. lifted its position in LCI Industries by 21,741.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock valued at $16,537,000 after purchasing an additional 135,664 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of LCI Industries in the 4th quarter worth $13,046,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LCII. Stifel Nicolaus decreased their target price on shares of LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday. Benchmark dropped their price target on LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, June 23rd. Roth Capital raised LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price objective on the stock in a research note on Wednesday, May 6th. Weiss Ratings downgraded LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Zacks Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, LCI Industries has a consensus rating of “Hold” and an average price target of $129.88.

LCI Industries Trading Up 0.1%

LCII stock opened at $108.86 on Monday. The company has a market capitalization of $2.65 billion, a PE ratio of 12.66 and a beta of 1.18. LCI Industries has a 12 month low of $84.33 and a 12 month high of $159.66. The firm’s 50-day moving average is $100.79 and its 200 day moving average is $119.15. 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 (NYSE:LCII) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.12. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the business posted $2.39 EPS. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, research analysts anticipate that LCI Industries will post 8.49 EPS for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 21st. LCI Industries’s payout ratio is currently 53.49%.

LCI Industries Company 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.