ARGA Investment Management LP Has $27.98 Million Position in LCI Industries $LCII

ARGA Investment Management LP lessened its stake in LCI Industries (NYSE:LCII) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,477 shares of the company’s stock after selling 32,524 shares during the period. LCI Industries comprises about 0.9% of ARGA Investment Management LP’s portfolio, making the stock its 26th biggest position. ARGA Investment Management LP’s holdings in LCI Industries were worth $27,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in LCI Industries by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,391,159 shares of the company’s stock valued at $168,806,000 after acquiring an additional 11,726 shares during the last quarter. M&T Bank Corp increased its position in LCI Industries by 8,419.2% during the 4th quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $89,686,000 after purchasing an additional 730,453 shares during the period. Bank of Montreal Can raised its holdings in LCI Industries by 5.2% during 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 last quarter. Bank of New York Mellon Corp raised its holdings in LCI Industries by 29.0% during the 4th quarter. Bank of New York Mellon Corp now owns 429,541 shares of the company’s stock worth $52,120,000 after purchasing an additional 96,572 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of LCI Industries in the 4th quarter worth approximately $27,142,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Price Performance

Shares of NYSE LCII opened at $101.28 on Friday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 12.44 and a beta of 1.18. The firm’s 50-day moving average price is $103.63 and its 200-day moving average price is $122.30. The company has a current ratio of 2.91, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68. LCI Industries has a 1-year low of $84.33 and a 1-year high of $159.66.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, beating 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 company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business 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. Equities research analysts anticipate that LCI Industries will post 8.71 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on LCII. Robert W. Baird set a $140.00 price objective on shares of LCI Industries in a research note on Wednesday, May 6th. Truist Financial dropped their target price on shares of LCI Industries from $135.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday. Wall Street Zen cut shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Stifel Nicolaus assumed coverage on LCI Industries in a report on Tuesday, March 24th. They set a “buy” rating and a $152.00 price target for the company. Finally, Roth Capital raised LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price objective for the company in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LCI Industries presently has an average rating of “Hold” and a consensus price target of $142.71.

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.