Radnor Capital Management LLC Cuts Stock Holdings in LCI Industries $LCII

Key Points

• Radnor Capital Management LLC decreased its holdings in LCI Industries by 26.3%, now owning 7,850 shares worth $716,000 after selling 2,800 shares in Q2.
• Despite Radnor's reduction, other institutional investors like Deutsche Bank AG and Nuveen Asset Management increased their stakes in LCI Industries during the same period.
• LCI Industries reported earnings of $2.39 per share, exceeding estimates, with a dividend yield of 4.6% and a quarterly dividend of $1.15 per share recently paid to investors.

Radnor Capital Management LLC lessened its holdings in LCI Industries (NYSE:LCII - Free Report) by 26.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,850 shares of the company's stock after selling 2,800 shares during the quarter. Radnor Capital Management LLC's holdings in LCI Industries were worth $716,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Entropy Technologies LP purchased a new position in LCI Industries in the first quarter valued at $410,000. Teacher Retirement System of Texas grew its position in shares of LCI Industries by 136.5% in the 1st quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company's stock valued at $831,000 after buying an additional 5,484 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of LCI Industries by 93,707.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,328 shares of the company's stock valued at $2,214,000 after buying an additional 25,301 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of LCI Industries by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company's stock valued at $7,149,000 after buying an additional 10,498 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of LCI Industries by 12.7% in the 4th quarter. Nuveen Asset Management LLC now owns 96,725 shares of the company's stock valued at $10,000,000 after buying an additional 10,924 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

LCI Industries Price Performance

LCII traded down $1.72 during midday trading on Friday, reaching $97.42. 854,502 shares of the company's stock were exchanged, compared to its average volume of 217,282. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The stock has a market capitalization of $2.36 billion, a PE ratio of 16.26 and a beta of 1.34. The business's 50-day moving average price is $100.81 and its 200 day moving average price is $92.10. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.17. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.40 earnings per share. As a group, equities analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a dividend of $1.15 per share. The ex-dividend date was Friday, August 29th. This represents a $4.60 dividend on an annualized basis and a yield of 4.7%. LCI Industries's payout ratio is presently 76.79%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LCII. Truist Financial increased their target price on shares of LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. BMO Capital Markets increased their target price on shares of LCI Industries from $80.00 to $85.00 and gave the company an "underperform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of LCI Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, LCI Industries has a consensus rating of "Hold" and a consensus target price of $103.25.

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.