Royce & Associates LP Buys 53,405 Shares of LCI Industries $LCII

Royce & Associates LP lifted its stake in shares of LCI Industries (NYSE:LCII) by 8.6% during the third quarter, HoldingsChannel.com reports. The fund owned 672,004 shares of the company’s stock after buying an additional 53,405 shares during the quarter. LCI Industries makes up approximately 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 21st biggest holding. Royce & Associates LP’s holdings in LCI Industries were worth $62,597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in LCI Industries during the 2nd quarter worth about $26,000. Financial Consulate Inc. purchased a new stake in shares of LCI Industries in the 3rd quarter worth approximately $56,000. Hantz Financial Services Inc. boosted its stake in shares of LCI Industries by 401.0% during the third quarter. Hantz Financial Services Inc. now owns 1,032 shares of the company’s stock valued at $96,000 after purchasing an additional 826 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in LCI Industries by 57.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,172 shares of the company’s stock valued at $107,000 after buying an additional 426 shares during the period. Finally, Covestor Ltd raised its stake in LCI Industries by 10.4% in the third quarter. Covestor Ltd now owns 1,261 shares of the company’s stock worth $118,000 after buying an additional 119 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Performance

LCII opened at $133.05 on Friday. The company has a market cap of $3.22 billion, a P/E ratio of 17.62 and a beta of 1.32. 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 firm’s 50-day moving average price is $139.73 and its 200-day moving average price is $116.15. LCI Industries has a 52-week low of $72.31 and a 52-week high of $159.66.

LCI Industries (NYSE:LCII) last released its earnings results on Wednesday, February 18th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.20. The company 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 previous year, the firm earned $0.37 EPS. LCI Industries has set its FY 2026 guidance at 8.250-9.25 EPS. As a group, equities analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $1.15 dividend. 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 dividend payout ratio (DPR) is 60.93%.

Insiders Place Their Bets

In other news, insider Ryan Richard Smith sold 20,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 10,092 shares of the company’s stock, valued at approximately $1,491,698.52. This represents a 66.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $142.76, for a total value of $1,427,600.00. Following the completion of the sale, the chief executive officer owned 334,973 shares in the company, valued at approximately $47,820,745.48. This represents a 2.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 90,000 shares of company stock valued at $13,137,900. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial set a $147.00 target price on LCI Industries in a research report on Tuesday, January 20th. Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 14th. Robert W. Baird set a $150.00 target price on shares of LCI Industries in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Finally, Loop Capital reaffirmed a “hold” rating and issued a $149.00 price target on shares of LCI Industries in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target 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.