Legal & General Group Plc Makes New $6.02 Million Investment in LCI Industries $LCII

Legal & General Group Plc acquired a new position in shares of LCI Industries (NYSE:LCII) in the 2nd quarter, Holdings Channel reports. The fund acquired 56,888 shares of the company’s stock, valued at approximately $6,023,000.

A number of other large investors have also recently made changes to their positions in LCII. Northwestern Mutual Wealth Management Co. lifted its position in LCI Industries by 21,741.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock worth $16,537,000 after acquiring an additional 135,664 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of LCI Industries by 23.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 231,782 shares of the company’s stock worth $24,541,000 after purchasing an additional 44,341 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new stake in shares of LCI Industries during the first quarter worth about $6,149,000. Rice Hall James & Associates LLC acquired a new stake in shares of LCI Industries during the second quarter worth about $15,105,000. Finally, Principal Financial Group Inc. boosted its position in LCI Industries by 36.7% in the first quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock valued at $80,666,000 after buying an additional 176,101 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LCII has been the topic of several research reports. Benchmark cut their price target on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. BMO Capital Markets set a $118.00 price objective on shares of LCI Industries in a report on Thursday, August 6th. Robert W. Baird set a $119.00 price objective on shares of LCI Industries in a research note on Thursday, August 6th. Zacks Research downgraded shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $135.00 price target (down from $155.00) on shares of LCI Industries in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $126.25.

LCI Industries Trading Down 1.7%

LCII opened at $100.93 on Friday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 11.74 and a beta of 1.18. The company’s 50 day simple moving average is $104.24 and its two-hundred day simple moving average is $112.93. LCI Industries has a 1-year low of $84.33 and a 1-year high of $159.66. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.58 by $0.12. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $2.39 earnings per share. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Analysts expect that LCI Industries will post 8.45 EPS for the current fiscal year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.6%. LCI Industries’s dividend payout ratio (DPR) is 53.49%.

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.