Dynamic Technology Lab Private Ltd Raises Stake in LCI Industries $LCII

Dynamic Technology Lab Private Ltd increased its holdings in shares of LCI Industries (NYSE:LCII) by 101.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,461 shares of the company’s stock after purchasing an additional 9,779 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in LCI Industries were worth $1,813,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in LCI Industries during the first quarter worth approximately $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LCI Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock worth $1,290,000 after acquiring an additional 643 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of LCI Industries during the 1st quarter valued at $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of LCI Industries by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after acquiring an additional 7,515 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in LCI Industries by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 347,608 shares of the company’s stock worth $31,698,000 after purchasing an additional 5,592 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of LCII opened at $130.03 on Friday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 17.22 and a beta of 1.33. 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 business’s 50 day moving average is $140.66 and its two-hundred day moving average is $117.17. LCI Industries has a 52-week low of $72.31 and a 52-week high of $159.66.

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

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, March 13th. This represents a $4.60 dividend on an annualized basis and a yield of 3.5%. LCI Industries’s payout ratio is currently 60.93%.

Insider Activity at LCI Industries

In other LCI Industries news, insider Ryan Richard Smith sold 20,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $147.81, for a total value of $2,956,200.00. Following the sale, the insider directly owned 10,092 shares in the company, valued at approximately $1,491,698.52. This trade represents a 66.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jason Lippert sold 30,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were 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 $50,031,434.19. The trade was a 8.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 90,000 shares of company stock worth $13,137,900 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LCII has been the subject of several recent research reports. Benchmark increased their price target on LCI Industries from $130.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Zacks Research upgraded LCI Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research report on Thursday, January 22nd. Truist Financial set a $147.00 target price on LCI Industries in a research note on Tuesday, January 20th. Finally, Wall Street Zen downgraded LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $156.67.

LCI Industries 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.