Conestoga Capital Advisors LLC Boosts Holdings in LCI Industries (NYSE:LCII)

Conestoga Capital Advisors LLC grew its holdings in LCI Industries (NYSE:LCII) by 1.7% during the 4th quarter, according to the company in 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 period. Conestoga Capital Advisors LLC owned approximately 0.65% of LCI Industries worth $17,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in LCI Industries during the 3rd quarter worth approximately $49,000. GAMMA Investing LLC grew its stake in shares of LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares in the last quarter. nVerses Capital LLC increased its position in shares of LCI Industries by 14.3% during the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock worth $193,000 after acquiring an additional 200 shares during the period. Finally, Aubrey Capital Management Ltd acquired a new stake in shares of LCI Industries in the third quarter valued at $208,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LCII shares. StockNews.com cut LCI Industries from a “buy” rating to a “hold” rating in a research note on Sunday, January 12th. Truist Financial reduced their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $113.75.

Insider Activity at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the business’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 transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

LCI Industries Price Performance

Shares of NYSE LCII opened at $101.09 on Monday. The business’s fifty day moving average price is $109.23 and its two-hundred day moving average price is $113.39. The firm has a market capitalization of $2.57 billion, a PE ratio of 19.85 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38.

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

LCI Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $1.15 dividend. This is an increase from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.55%. LCI Industries’s dividend payout ratio (DPR) is presently 89.49%.

LCI Industries Profile

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.