Conestoga Capital Advisors LLC Buys 2,710 Shares of LCI Industries (NYSE:LCII)

Conestoga Capital Advisors LLC grew its stake in shares of LCI Industries (NYSE:LCII) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,716 shares of the company’s stock after purchasing an additional 2,710 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in LCI Industries were worth $17,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LCII. Principal Financial Group Inc. increased its holdings in shares of LCI Industries by 6.1% during the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after purchasing an additional 36,487 shares during the period. Victory Capital Management Inc. grew its position in LCI Industries by 2.5% during the third quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock worth $74,882,000 after buying an additional 14,969 shares in the last quarter. Geode Capital Management LLC increased its stake in LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after acquiring an additional 1,688 shares during the period. Charles Schwab Investment Management Inc. raised its stake in LCI Industries by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after purchasing an additional 29,192 shares in the last quarter. Finally, Royce & Associates LP grew its stake in LCI Industries by 22.5% during the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock worth $45,086,000 after buying an additional 68,682 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

LCI Industries Trading Down 5.5 %

Shares of LCI Industries stock opened at $101.09 on Monday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 19.85 and a beta of 1.44. The company’s 50-day moving average price is $109.23 and its 200-day moving average price is $113.39.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The business had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter in the previous year, the company earned $1.02 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities analysts expect that LCI Industries will post 5.51 earnings per share for the current fiscal year.

LCI Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from LCI Industries’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 4.55%. LCI Industries’s payout ratio is 89.49%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LCII. Truist Financial cut their price objective on LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Sunday, January 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.75.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

About LCI Industries

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.