Squarepoint Ops LLC Acquires 21,771 Shares of LCI Industries $LCII

Squarepoint Ops LLC grew its holdings in shares of LCI Industries (NYSE:LCII) by 32.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,640 shares of the company’s stock after buying an additional 21,771 shares during the quarter. Squarepoint Ops LLC owned 0.36% of LCI Industries worth $9,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LCII. AQR Capital Management LLC bought a new position in LCI Industries in the 1st quarter valued at about $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of LCI Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock worth $1,290,000 after purchasing an additional 643 shares during the last quarter. Empowered Funds LLC bought a new position in shares of LCI Industries in the first quarter valued at approximately $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of LCI Industries by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after purchasing an additional 7,515 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of LCI Industries during the second quarter valued at approximately $1,542,000. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on LCII. BMO Capital Markets set a $118.00 price target on LCI Industries in a report on Thursday, August 6th. Jefferies Financial Group restated a “hold” rating and set a $120.00 price objective on shares of LCI Industries in a research note on Thursday, August 6th. Benchmark reduced their target price on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Zacks Research downgraded shares of LCI Industries from a “hold” rating to a “strong sell” rating in a report 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 investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $126.25.

LCI Industries Price Performance

LCI Industries stock opened at $93.21 on Friday. The business’s 50 day simple moving average is $103.94 and its 200 day simple moving average is $111.05. LCI Industries has a 12 month low of $84.33 and a 12 month high of $159.66. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 10.84 and a beta of 1.18. 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 (NYSE:LCII) last released its earnings results on Wednesday, August 5th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.12. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%.The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period last year, the business posted $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. Sell-side analysts forecast that LCI Industries will post 8.45 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Friday, August 21st. LCI Industries’s payout ratio is currently 53.49%.

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.