Legal & General Group Plc Invests $6.02 Million in LCI Industries $LCII

Legal & General Group Plc purchased a new stake in shares of LCI Industries (NYSE:LCII) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 56,888 shares of the company’s stock, valued at approximately $6,023,000. Legal & General Group Plc owned approximately 0.23% of LCI Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of LCII. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of LCI Industries by 21,741.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 136,288 shares of the company’s stock worth $16,537,000 after buying an additional 135,664 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings 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 valued at $24,541,000 after acquiring an additional 44,341 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in LCI Industries in the first quarter worth about $6,149,000. Rice Hall James & Associates LLC purchased a new stake in LCI Industries in the second quarter worth about $15,105,000. Finally, Principal Financial Group Inc. grew its holdings in LCI Industries by 36.7% during the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock worth $80,666,000 after acquiring an additional 176,101 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of LCII opened at $100.93 on Friday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 11.74 and a beta of 1.18. LCI Industries has a twelve month low of $84.33 and a twelve month high of $159.66. The company has a quick ratio of 1.20, a current ratio of 2.49 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $104.24 and a two-hundred day moving average of $112.93.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $2.39 earnings per share. The business’s quarterly revenue was down 12.6% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. As a group, analysts predict that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LCII. Stifel Nicolaus dropped their price objective on shares of LCI Industries from $137.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Truist Financial reduced their price objective on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Robert W. Baird set a $119.00 target price on LCI Industries in a research report on Thursday, August 6th. Jefferies Financial Group reissued a “hold” rating and issued a $120.00 price target on shares of LCI Industries in a research report on Thursday, August 6th. Finally, BMO Capital Markets set a $118.00 price objective on LCI Industries in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and an average price target of $126.25.

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.