LCI Industries (NYSE:LCII) Shares Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its holdings in LCI Industries (NYSE:LCII - Free Report) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,716 shares of the company's stock after purchasing an additional 12,000 shares during the period. Conestoga Capital Advisors LLC owned 0.70% of LCI Industries worth $15,538,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LCII. Smartleaf Asset Management LLC increased its stake in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after acquiring an additional 247 shares during the last quarter. LRI Investments LLC boosted its position in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after buying an additional 311 shares during the period. Headlands Technologies LLC acquired a new stake in shares of LCI Industries in the fourth quarter valued at about $59,000. Covestor Ltd raised its holdings in shares of LCI Industries by 159.3% during the 4th quarter. Covestor Ltd now owns 765 shares of the company's stock valued at $79,000 after buying an additional 470 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of LCI Industries during the fourth quarter worth $201,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LCII has been the topic of several analyst reports. Baird R W downgraded shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial raised their price objective on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Robert W. Baird lowered their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $114.50.

LCI Industries Stock Performance

Shares of LCII stock traded down $0.41 during trading hours on Friday, reaching $88.54. The stock had a trading volume of 494,738 shares, compared to its average volume of 408,309. The firm has a market capitalization of $2.23 billion, a PE ratio of 14.51 and a beta of 1.27. The firm has a 50-day simple moving average of $85.02 and a 200-day simple moving average of $95.39. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.96 and a quick ratio of 1.41.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.55 by $0.64. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $972.04 million. LCI Industries had a net margin of 4.08% and a return on equity of 11.63%. LCI Industries's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. As a group, equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $1.15 dividend. The ex-dividend date was Friday, May 30th. This represents a $4.60 annualized dividend and a dividend yield of 5.20%. LCI Industries's payout ratio is 75.41%.

LCI Industries announced that its board has authorized a stock repurchase program on Thursday, May 15th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 13.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

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.