Bank of New York Mellon Corp Has $50.99 Million Stock Holdings in LCI Industries $LCII

Bank of New York Mellon Corp trimmed its position in shares of LCI Industries (NYSE:LCII) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 414,638 shares of the company’s stock after selling 14,903 shares during the period. Bank of New York Mellon Corp’s holdings in LCI Industries were worth $50,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its position in LCI Industries by 5.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 13,062 shares of the company’s stock worth $1,606,000 after purchasing an additional 724 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of LCI Industries by 36.7% during the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock valued at $80,666,000 after buying an additional 176,101 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of LCI Industries by 45,719.7% during the 1st quarter. Fifth Third Bancorp now owns 67,355 shares of the company’s stock valued at $8,283,000 after buying an additional 67,208 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of LCI Industries in the 1st quarter valued at approximately $202,000. Finally, QRG Capital Management Inc. grew its stake in shares of LCI Industries by 14.3% in the 1st quarter. QRG Capital Management Inc. now owns 2,571 shares of the company’s stock valued at $316,000 after buying an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of LCI Industries from $152.00 to $137.00 and set a “buy” rating on the stock in a research report on Monday. Roth Capital upgraded shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price target on the stock in a research note on Wednesday, May 6th. Benchmark cut their price target on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, June 23rd. Wall Street Zen lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Weiss Ratings downgraded shares of LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.57.

LCI Industries Price Performance

NYSE LCII opened at $104.89 on Friday. The company has a current ratio of 2.91, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $101.94 and a 200 day simple moving average of $121.17. The company has a market cap of $2.55 billion, a P/E ratio of 12.89 and a beta of 1.18. LCI Industries has a 1 year low of $84.33 and a 1 year high of $159.66.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, May 5th. The company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.22 by $0.37. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. LCI Industries had a net margin of 4.84% and a return on equity of 14.03%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, sell-side analysts predict that LCI Industries will post 8.71 EPS for the current 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 given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, May 29th. LCI Industries’s payout ratio is currently 56.51%.

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.