Horizon Investments LLC Takes Position in LCI Industries $LCII

Horizon Investments LLC acquired a new stake in shares of LCI Industries (NYSE:LCII) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,750 shares of the company’s stock, valued at approximately $819,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LCII. M&T Bank Corp boosted its stake in shares of LCI Industries by 8,419.2% during the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $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 shares of LCI Industries during the fourth quarter valued at approximately $27,142,000. AQR Capital Management LLC boosted its stake in shares of LCI Industries by 926.5% during the second quarter. AQR Capital Management LLC now owns 68,993 shares of the company’s stock valued at $6,291,000 after purchasing an additional 62,272 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of LCI Industries by 7.4% during the third quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock valued at $81,083,000 after purchasing an additional 59,734 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of LCI Industries by 8.6% during the third quarter. Royce & Associates LP now owns 672,004 shares of the company’s stock valued at $62,597,000 after purchasing an additional 53,405 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LCII. Zacks Research cut shares of 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 shares of LCI Industries in a research report on Wednesday. Weiss Ratings raised shares of LCI Industries from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday. Stifel Nicolaus began coverage on shares of LCI Industries in a research report on Tuesday, March 24th. They set a “buy” rating and a $152.00 target price for the company. Finally, Wall Street Zen cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $149.29.

Insiders Place Their Bets

In other LCI Industries news, 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 transaction, the chief executive officer owned 344,973 shares of the company’s stock, valued at approximately $50,031,434.19. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jamie Schnur sold 10,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $144.66, for a total transaction of $1,446,600.00. Following the completion of the transaction, the insider directly owned 19,420 shares of the company’s stock, valued at approximately $2,809,297.20. This represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 90,000 shares of company stock valued at $13,137,900. Insiders own 3.30% of the company’s stock.

LCI Industries Trading Down 0.7%

NYSE LCII opened at $116.16 on Friday. The company has a fifty day simple moving average of $123.80 and a two-hundred day simple moving average of $124.47. The stock has a market cap of $2.82 billion, a P/E ratio of 14.27 and a beta of 1.21. LCI Industries has a 12-month low of $83.87 and a 12-month high of $159.66. The company has a current ratio of 2.91, a quick ratio of 1.14 and a debt-to-equity ratio of 0.68.

LCI Industries (NYSE:LCII) last posted its quarterly 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 business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. LCI Industries had a net margin of 4.84% and a return on equity of 14.03%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company posted $2.19 earnings per share. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, analysts forecast that LCI Industries will post 8.95 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $1.15 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.0%. LCI Industries’s dividend payout ratio (DPR) is currently 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.