Hudson Portfolio Management LLC Buys Shares of 4,916 LCI Industries $LCII

Hudson Portfolio Management LLC purchased a new stake in shares of LCI Industries (NYSE:LCII) during the second quarter, Holdings Channel.com reports. The fund purchased 4,916 shares of the company’s stock, valued at approximately $521,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in LCI Industries in the 2nd quarter worth about $45,200,000. Principal Financial Group Inc. raised its stake in LCI Industries by 36.7% in the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock valued at $80,666,000 after acquiring an additional 176,101 shares during the period. Rice Hall James & Associates LLC purchased a new stake in LCI Industries during the second quarter valued at about $15,105,000. FIL Ltd purchased a new stake in LCI Industries during the fourth quarter valued at about $16,660,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in LCI Industries by 21,741.0% during 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 during the period. Institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 3.2%

Shares of NYSE LCII opened at $102.08 on Friday. LCI Industries has a 52 week low of $84.33 and a 52 week high of $159.66. The business has a 50-day simple moving average of $102.43 and a two-hundred day simple moving average of $116.44. 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 market cap of $2.48 billion, a P/E ratio of 11.87 and a beta of 1.18.

LCI Industries (NYSE:LCII) last posted its earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm earned $2.39 EPS. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Research analysts anticipate that LCI Industries will post 8.45 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $4.60 annualized dividend and a yield of 4.5%. LCI Industries’s payout ratio is currently 53.49%.

Analyst Upgrades and Downgrades

LCII has been the subject of several recent research reports. BMO Capital Markets set a $118.00 target price on shares of LCI Industries in a research note on Thursday, August 6th. Stifel Nicolaus dropped their price target 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 cut their price objective on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Zacks Research lowered shares of LCI Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $119.00 target price on shares of LCI Industries in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus price target of $126.25.

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.