Conestoga Capital Advisors LLC Has $15.98 Million Stock Holdings in LCI Industries $LCII

Conestoga Capital Advisors LLC lowered its position in shares of LCI Industries (NYSE:LCII) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 171,564 shares of the company’s stock after selling 4,032 shares during the quarter. Conestoga Capital Advisors LLC owned 0.71% of LCI Industries worth $15,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SageView Advisory Group LLC lifted its position in shares of LCI Industries by 6.3% in the second quarter. SageView Advisory Group LLC now owns 2,445 shares of the company’s stock worth $241,000 after purchasing an additional 145 shares in the last quarter. California State Teachers Retirement System increased its stake in LCI Industries by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 23,483 shares of the company’s stock valued at $2,141,000 after buying an additional 159 shares during the last quarter. Zions Bancorporation National Association UT lifted its position in LCI Industries by 1.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 15,309 shares of the company’s stock worth $1,396,000 after buying an additional 171 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of LCI Industries by 12.5% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,239 shares of the company’s stock worth $204,000 after buying an additional 248 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of LCI Industries by 4.3% in the 2nd quarter. TD Asset Management Inc now owns 6,635 shares of the company’s stock valued at $605,000 after acquiring an additional 271 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Up 2.0%

Shares of LCI Industries stock opened at $131.19 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.78 and a quick ratio of 1.28. The business has a fifty day simple moving average of $116.90 and a two-hundred day simple moving average of $104.20. LCI Industries has a 1 year low of $72.31 and a 1 year high of $131.32. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 18.35 and a beta of 1.31.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a net margin of 4.49% and a return on equity of 12.60%. The company had revenue of $1 billion during the quarter. Research analysts forecast that LCI Industries will post 6.76 EPS for the current year.

LCI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $4.60 annualized dividend and a dividend yield of 3.5%. LCI Industries’s dividend payout ratio is presently 64.34%.

Analysts Set New Price Targets

LCII has been the subject of several recent research reports. Wall Street Zen cut LCI Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 28th. Roth Capital upped their price objective on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Loop Capital started coverage on shares of LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 target price for the company. Truist Financial boosted their target price on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Zacks Research cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.67.

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.