LCI Industries (LCII)

In the past six months, LCI Industries reported strong Q2 2025 earnings, surpassing expectations with an EPS of $2.39 and revenue of $1.1 billion, a 5% year-over-year increase, although the stock saw a slight decline. The company is projected to announce its Q3 2025 results on October 30, 2025, with analysts expecting earnings of $1.47 per share and revenues of approximately $963.96 million. LCI Industries declared a quarterly dividend of $1.15 per share, resulting in a 5.0% dividend yield with a payout ratio of 76.79%. In March 2025, LCI Industries announced its intention to offer $400 million in convertible senior notes due 2030 and proposed a refinance of a $400 million senior secured Term Loan B due 2032, expecting to repurchase a portion of its outstanding convertible notes and common stock. As of October 2025, analysts have given LCI Industries an average rating of "Hold" with a consensus price target of $104.00, representing a forecasted upside of 13.02% from the price of $92.02. Over the last year, LCI Industries' stock has shown an 18.77% decrease, with a 1-year low of $72.31 and a 1-year high of $129.38.

The business economics of LCI Industries are significantly influenced by the cyclical nature of the RV and housing industries. The demand for recreational vehicles and housing units is a primary driver, with economic conditions, consumer confidence, and interest rates playing critical roles. The RV market, in particular, has returned to normal seasonality, meaning that demand can fluctuate throughout the year. Fall buying trends for RVs often see owners listing their vehicles for sale as interest remains steady before winter, potentially opening up choices for buyers. The company also notes seasonality and cyclicality in the industries to which it sells its products as a risk factor.

LCI Industries, headquartered in Elkhart, Indiana, is a supplier of engineered components for the outdoor recreation and transportation markets, operating through its subsidiary, Lippert Components, Inc. The company operates within the Consumer Discretionary sector, specifically in the Recreational Vehicles and Auto, Truck & Motorcycle Parts industries, serving both OEMs and the aftermarket segment through manufacturing, distribution, and retail services. LCI Industries produces RV components such as chassis, windows, furniture, and electronics; marine components including boat seating, electronics, and trailers; manufactured housing and building products like doors, windows, and roofing systems; and components for adjacent industries like buses and trailers, offering products such as braking systems and appliances. The company operates under various brands including Lippert, Taylor Made, and Furrion.

LCI Industries has a global presence with over 140 manufacturing and distribution facilities across North America, Africa, and Europe, supplying components internationally to OEMs in the recreation and transportation markets.

LCI Industries, through its Lippert subsidiary, maintains a reputation as a reliable partner for both OEM and aftermarket customers, attributed to its innovative culture, advanced manufacturing capabilities, and dedication to enhancing the customer experience. The company emphasizes its service ecosystem, demonstrating its standing as a trusted dealer partner. Positive events include Lippert hosting a ribbon-cutting ceremony for a new Midwest Distribution Hub and acquiring Bigfoot Hydraulic Systems from Leveltron, both in October 2025.

Institutional investors hold a significant majority of LCI Industries' stock, owning 99.71% of the company. Several institutional investors have recently adjusted their holdings. First Citizens Bank & Trust Co. invested approximately $265,000 by purchasing 2,903 shares during the second quarter of 2025. Allianz Asset Management GmbH boosted its holdings by 16.0% in the first quarter, and Russell Investments Group Ltd. increased its holdings by 93,707.4% in the same period. Other institutional investors like Entropy Technologies LP, Teacher Retirement System of Texas, AQR Capital Management LLC, and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. have also made changes to their positions.