Geode Capital Management LLC Sells 13,909 Shares of LCI Industries $LCII

Geode Capital Management LLC lowered its position in LCI Industries (NYSE:LCII) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 568,894 shares of the company’s stock after selling 13,909 shares during the quarter. Geode Capital Management LLC’s holdings in LCI Industries were worth $69,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LCII. M&T Bank Corp grew its stake in LCI Industries by 8,419.2% in the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock worth $89,686,000 after purchasing an additional 730,453 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in LCI Industries in the fourth quarter worth approximately $27,142,000. Northwestern Mutual Wealth Management Co. grew its stake in LCI Industries by 21,741.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock worth $16,537,000 after purchasing an additional 135,664 shares in the last quarter. AQR Capital Management LLC grew its stake in LCI Industries by 926.5% in the second quarter. AQR Capital Management LLC now owns 68,993 shares of the company’s stock worth $6,291,000 after purchasing an additional 62,272 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in LCI Industries by 7.4% in the third quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock worth $81,083,000 after purchasing an additional 59,734 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

LCII has been the topic of several research analyst reports. Truist Financial dropped their price objective on LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Roth Mkm 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. Zacks Research cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Robert W. Baird set a $140.00 target price on LCI Industries in a research report on Wednesday, May 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 target price on shares of LCI Industries in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $149.29.

LCI Industries Trading Down 1.5%

LCI Industries stock opened at $92.81 on Tuesday. The stock has a market cap of $2.25 billion, a PE ratio of 11.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. The stock has a 50-day moving average of $115.64 and a two-hundred day moving average of $125.64. LCI Industries has a one year low of $84.33 and a one year high of $159.66.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, May 5th. The company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.37. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, research analysts anticipate that LCI Industries will post 8.95 EPS for the current fiscal year.

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be paid a $1.15 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.60 dividend on an annualized basis and a yield of 5.0%. LCI Industries’s dividend payout ratio (DPR) is 56.51%.

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.