Northwestern Mutual Wealth Management Co. Acquires 135,664 Shares of LCI Industries $LCII
Northwestern Mutual Wealth Management Co. significantly increased its stake in LCI Industries (NYSE:LCII) during the fourth quarter, purchasing 135,664 shares to bring its total holdings to 136,288 shares valued at approximately $16.5 million. This coincides with LCI Industries reporting better-than-expected quarterly results, with an EPS of $2.59 and revenue of $1.09 billion, up 4.3% year-over-year. The company also declared a quarterly dividend of $1.15 per share, representing an annualized yield of 4.2%, while analysts currently maintain a "Hold" rating with a target price of $149.29.