Royce & Associates LP Grows Holdings in LCI Industries $LCII

Royce & Associates LP boosted its position in shares of LCI Industries (NYSE:LCII) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 672,004 shares of the company’s stock after acquiring an additional 53,405 shares during the period. LCI Industries accounts for about 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 21st largest position. Royce & Associates LP owned about 2.78% of LCI Industries worth $62,597,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in shares of LCI Industries by 25.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,883 shares of the company’s stock valued at $1,084,000 after buying an additional 2,380 shares in the last quarter. New York State Common Retirement Fund raised its holdings in LCI Industries by 563.9% during the third quarter. New York State Common Retirement Fund now owns 51,846 shares of the company’s stock valued at $4,829,000 after acquiring an additional 44,037 shares during the period. Timucuan Asset Management Inc. FL raised its holdings in LCI Industries by 226.5% during the second quarter. Timucuan Asset Management Inc. FL now owns 35,318 shares of the company’s stock valued at $3,221,000 after acquiring an additional 24,500 shares during the period. Boston Partners lifted its position in shares of LCI Industries by 33.2% in the second quarter. Boston Partners now owns 320,186 shares of the company’s stock valued at $29,399,000 after acquiring an additional 79,847 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of LCI Industries by 424.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 47,423 shares of the company’s stock worth $4,417,000 after acquiring an additional 38,381 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LCII. Truist Financial set a $147.00 target price on LCI Industries in a research note on Tuesday, January 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 price objective on shares of LCI Industries in a report on Wednesday, February 18th. Benchmark lifted their price objective on shares of LCI Industries from $130.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $164.00 price target on shares of LCI Industries in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.67.

Insider Buying and Selling at LCI Industries

In related news, insider Jamie Schnur sold 10,000 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $144.66, for a total transaction of $1,446,600.00. Following the completion of the transaction, the insider owned 19,420 shares in the company, valued at $2,809,297.20. The trade was a 33.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason Lippert sold 30,000 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $145.03, for a total value of $4,350,900.00. Following the completion of the sale, the chief executive officer owned 344,973 shares in the company, valued at approximately $50,031,434.19. The trade was a 8.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 90,000 shares of company stock worth $13,137,900 over the last 90 days. Company insiders own 3.50% of the company’s stock.

LCI Industries Stock Down 1.8%

NYSE LCII opened at $133.05 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $139.73 and a two-hundred day moving average of $116.15. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 17.62 and a beta of 1.32. LCI Industries has a 52 week low of $72.31 and a 52 week high of $159.66.

LCI Industries (NYSE:LCII) last announced its earnings results on Wednesday, February 18th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.20. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $913.04 million. LCI Industries had a net margin of 4.57% and a return on equity of 13.55%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-9.25 EPS. On average, analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $4.60 annualized dividend and a yield of 3.5%. LCI Industries’s dividend payout ratio (DPR) is presently 60.93%.

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.