Conestoga Capital Advisors LLC Has $15.54 Million Stock Holdings in LCI Industries (NYSE:LCII)

Conestoga Capital Advisors LLC raised its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 7.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,716 shares of the company's stock after acquiring an additional 12,000 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.70% of LCI Industries worth $15,538,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LCII. Rhumbline Advisers increased its stake in LCI Industries by 3.1% in the 4th quarter. Rhumbline Advisers now owns 74,955 shares of the company's stock valued at $7,750,000 after buying an additional 2,236 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of LCI Industries by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 57,565 shares of the company's stock valued at $5,952,000 after acquiring an additional 5,303 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of LCI Industries in the fourth quarter valued at about $28,000. State of New Jersey Common Pension Fund D raised its holdings in LCI Industries by 13.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 18,425 shares of the company's stock worth $1,905,000 after acquiring an additional 2,174 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock worth $66,536,000 after acquiring an additional 11,286 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LCII shares. Truist Financial boosted their price target on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Baird R W cut shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird decreased their price objective on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, LCI Industries currently has an average rating of "Hold" and an average price target of $114.50.

LCI Industries Stock Up 2.7%

LCII opened at $90.38 on Tuesday. The stock's fifty day simple moving average is $84.50 and its 200 day simple moving average is $95.71. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The stock has a market cap of $2.28 billion, a PE ratio of 16.14 and a beta of 1.27. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.64. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. As a group, research analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $1.15 per share. The ex-dividend date was Friday, May 30th. This represents a $4.60 annualized dividend and a yield of 5.09%. LCI Industries's dividend payout ratio (DPR) is presently 75.41%.

LCI Industries declared that its Board of Directors has authorized a share buyback program on Thursday, May 15th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 13.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

LCI Industries Company 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.

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