LCI Industries $LCII Holdings Cut by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC trimmed its stake in LCI Industries (NYSE:LCII) by 12.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 150,453 shares of the company’s stock after selling 21,290 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in LCI Industries were worth $12,588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of LCI Industries by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,412,102 shares of the company’s stock valued at $173,656,000 after acquiring an additional 20,943 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of LCI Industries by 36.7% in the 1st quarter. Principal Financial Group Inc. now owns 655,917 shares of the company’s stock worth $80,666,000 after purchasing an additional 176,101 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of LCI Industries in the 2nd quarter worth about $45,200,000. Bank of America Corp DE bought a new position in LCI Industries in the 2nd quarter worth about $40,408,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in LCI Industries by 28.7% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 298,222 shares of the company’s stock worth $24,952,000 after purchasing an additional 66,440 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Trading Up 2.6%

Shares of NYSE:LCII opened at $104.47 on Thursday. The company has a market cap of $2.54 billion, a P/E ratio of 12.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.49 and a quick ratio of 1.20. LCI Industries has a 1 year low of $77.58 and a 1 year high of $159.66. The stock’s fifty day moving average price is $89.77 and its 200-day moving average price is $111.11.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.58 by $0.12. LCI Industries had a return on equity of 14.33% and a net margin of 5.24%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm posted $2.39 earnings per share. LCI Industries’s revenue was down 12.6% compared to the same quarter last year. Sell-side analysts expect that LCI Industries will post 8.33 earnings per share for the current year.

LCI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $1.15 per share. The ex-dividend date was Friday, August 21st. This represents a $4.60 annualized dividend and a yield of 4.4%. LCI Industries’s dividend payout ratio is currently 53.49%.

Wall Street Analysts Forecast Growth

LCII has been the subject of a number of analyst reports. Zacks Research upgraded shares of LCI Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Jefferies Financial Group reiterated a “hold” rating and set a $120.00 price target on shares of LCI Industries in a report on Thursday, August 6th. Truist Financial cut their price target on shares of LCI Industries from $114.00 to $85.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Weiss Ratings downgraded shares of LCI Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Finally, Roth Capital set a $112.00 price objective on shares of LCI Industries in a report on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $113.50.

LCI Industries Profile

LCI Industries, formerly known as Drew Industries, is a manufacturer and supplier of components and systems used primarily in recreational vehicles (RVs), as well as in the marine, powersports, automotive, and other transportation markets. Through its Lippert business, the company provides products to original equipment manufacturers and serves consumers through replacement and aftermarket channels.

Its product portfolio includes chassis and structural components, axles and suspension systems, slide-out systems, windows, doors, entry steps, awnings, leveling systems, furniture, mattresses, appliances, electronics, and plumbing products.