Hillsdale Investment Management Inc. Sells 9,550 Shares of LCI Industries $LCII

Hillsdale Investment Management Inc. cut its position in LCI Industries (NYSE:LCII) by 14.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 57,270 shares of the company’s stock after selling 9,550 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in LCI Industries were worth $7,043,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LCII. Huntington National Bank grew its position in shares of LCI Industries by 79.8% during the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Salomon & Ludwin LLC raised 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 worth $26,000 after buying an additional 200 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of LCI Industries in the fourth quarter worth $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in LCI Industries by 358.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after buying an additional 488 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in LCI Industries by 36.8% during the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock valued at $63,000 after buying an additional 139 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LCII. Weiss Ratings lowered LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Zacks Research downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Wall Street Zen lowered LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Robert W. Baird set a $140.00 price objective on shares of LCI Industries in a research report on Wednesday, May 6th. Finally, Truist Financial lowered their target price on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $142.71.

LCI Industries Trading Up 1.7%

NYSE LCII opened at $103.73 on Wednesday. The stock’s 50-day simple moving average is $103.12 and its two-hundred day simple moving average is $122.00. 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 2.91 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.74 and a beta of 1.18.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.22 by $0.37. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. Research analysts forecast that LCI Industries will post 8.71 EPS for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.4%. LCI Industries’s dividend payout ratio (DPR) is 56.51%.

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.