American Century Companies Inc. Increases Holdings in LCI Industries $LCII

American Century Companies Inc. increased its position in LCI Industries (NYSE:LCII) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 870,454 shares of the company’s stock after buying an additional 59,734 shares during the quarter. American Century Companies Inc. owned 3.60% of LCI Industries worth $81,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LCII. Geode Capital Management LLC lifted its holdings in shares of LCI Industries by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 589,603 shares of the company’s stock worth $53,772,000 after acquiring an additional 8,942 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in LCI Industries by 47.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 504,761 shares of the company’s stock worth $46,029,000 after purchasing an additional 161,472 shares during the period. Bank of Montreal Can lifted its stake in LCI Industries by 70.4% in the second quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock worth $39,745,000 after purchasing an additional 180,060 shares during the last quarter. Bank of New York Mellon Corp boosted its position in LCI Industries by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 347,608 shares of the company’s stock valued at $31,698,000 after buying an additional 5,592 shares during the period. Finally, Boston Partners grew its stake in shares of LCI Industries by 33.2% during the second quarter. Boston Partners now owns 320,186 shares of the company’s stock valued at $29,399,000 after buying an additional 79,847 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Stock Up 2.2%

Shares of NYSE LCII opened at $135.36 on Wednesday. The firm has a fifty day simple moving average of $140.15 and a two-hundred day simple moving average of $116.65. LCI Industries has a 12 month low of $72.31 and a 12 month high of $159.66. The company has a current ratio of 2.85, a quick ratio of 1.14 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $3.28 billion, a PE ratio of 17.93 and a beta of 1.33.

LCI Industries (NYSE:LCII) last released its earnings results on Wednesday, February 18th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.20. LCI Industries had a return on equity of 13.55% and a net margin of 4.57%.The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $913.04 million. During the same quarter last year, the business posted $0.37 EPS. LCI Industries has set its FY 2026 guidance at 8.250-9.25 EPS. Equities analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 13th. LCI Industries’s payout ratio is currently 60.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LCII shares. Robert W. Baird set a $150.00 target price on LCI Industries in a research note on Thursday, February 19th. Wall Street Zen upgraded LCI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Roth Mkm reissued a “neutral” rating and set a $164.00 price objective on shares of LCI Industries in a research note on Thursday, February 19th. Loop Capital restated a “hold” rating and issued a $149.00 target price on shares of LCI Industries in a report on Thursday, January 22nd. Finally, Truist Financial set a $147.00 price target on shares of LCI Industries in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.67.

Insider Buying and Selling

In related news, insider Jamie Schnur sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $144.66, for a total value of $1,446,600.00. Following the sale, the insider owned 19,420 shares in the company, valued at $2,809,297.20. This represents a 33.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ryan Richard Smith sold 20,000 shares of LCI Industries stock in a transaction on Friday, February 20th. The shares were sold at an average price of $147.81, for a total value of $2,956,200.00. Following the transaction, the insider owned 10,092 shares of the company’s stock, valued at $1,491,698.52. The trade was a 66.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 90,000 shares of company stock worth $13,137,900 in the last 90 days. Insiders own 3.50% of the company’s stock.

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.