LCI Industries (NYSE:LCII) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of LCI Industries (NYSE:LCII) saw an uptick in trading volume on Tuesday . 301,050 shares were traded during trading, a decline of 18% from the previous session’s volume of 368,951 shares.The stock last traded at $101.2540 and had previously closed at $100.12.

Analyst Ratings Changes

LCII has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Zacks Research cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings cut shares of LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, Benchmark dropped their price objective on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.71.

LCI Industries Stock Up 1.4%

The company has a market cap of $2.46 billion, a price-to-earnings ratio of 12.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.91 and a quick ratio of 1.20. The firm has a 50-day moving average price of $106.64 and a 200 day moving average price of $123.47.

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

LCI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.5%. LCI Industries’s dividend payout ratio (DPR) is currently 56.51%.

Hedge Funds Weigh In On LCI Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Huntington National Bank boosted its holdings in shares of LCI Industries by 79.8% during the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after buying an additional 91 shares in the last quarter. Salomon & Ludwin LLC grew its position in shares of LCI Industries by 1,818.2% in the fourth quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of LCI Industries during the 4th quarter valued at $30,000. Clearstead Advisors LLC lifted its holdings in LCI Industries by 36.8% during the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after purchasing an additional 139 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in LCI Industries during the 4th quarter worth about $64,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

About LCI Industries

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.