Quantbot Technologies LP Invests $533,000 in LCI Industries $LCII

Quantbot Technologies LP purchased a new stake in shares of LCI Industries (NYSE:LCII) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 5,035 shares of the company’s stock, valued at approximately $533,000.

A number of other large investors have also added to or reduced their stakes in LCII. Dimensional Fund Advisors LP grew its position in shares of LCI Industries by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,412,102 shares of the company’s stock valued at $173,656,000 after acquiring an additional 20,943 shares during the period. Principal Financial Group Inc. raised its holdings in shares of LCI Industries by 36.7% in the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock worth $80,666,000 after purchasing an additional 176,101 shares during the period. Bank of Montreal Can raised its holdings in shares of LCI Industries by 5.2% in the 3rd quarter. Bank of Montreal Can now owns 458,478 shares of the company’s stock worth $42,707,000 after purchasing an additional 22,634 shares during the period. Bank of New York Mellon Corp lifted its stake in LCI Industries by 29.0% in the fourth quarter. Bank of New York Mellon Corp now owns 429,541 shares of the company’s stock valued at $52,120,000 after purchasing an additional 96,572 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in 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 purchasing an additional 44,341 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Stock Down 0.6%

LCI Industries stock opened at $102.39 on Friday. The firm has a 50 day simple moving average of $103.38 and a 200 day simple moving average of $114.82. The company has a current ratio of 2.49, a quick ratio of 1.20 and a debt-to-equity ratio of 0.59. LCI Industries has a 1-year low of $84.33 and a 1-year high of $159.66. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 11.91 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 (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.12. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business 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. On average, analysts predict that LCI Industries will post 8.45 earnings per share for the current year.

LCI Industries Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird set a $119.00 price objective on LCI Industries in a report on Thursday, August 6th. BMO Capital Markets set a $118.00 target price on LCI Industries in a research note on Thursday, August 6th. Weiss Ratings cut LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Truist Financial cut their price target on LCI Industries from $135.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Finally, Benchmark decreased their price objective on LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Three equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.