LCI Industries $LCII Shares Sold by Radnor Capital Management LLC

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 reduced its holdings in shares of LCI Industries (NYSE:LCII - Free Report) by 26.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Several other large investors also recently made changes to their positions in LCII. Entropy Technologies LP acquired a new stake in LCI Industries during the 1st quarter valued at $410,000. Teacher Retirement System of Texas increased its position in shares of LCI Industries by 136.5% in the first quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company's stock worth $831,000 after purchasing an additional 5,484 shares during the period. Russell Investments Group Ltd. increased its position in shares of LCI Industries by 93,707.4% in the first quarter. Russell Investments Group Ltd. now owns 25,328 shares of the company's stock worth $2,214,000 after purchasing an additional 25,301 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of LCI Industries by 17.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company's stock worth $7,149,000 after purchasing an additional 10,498 shares during the period. Finally, Nuveen Asset Management LLC increased its position in shares of LCI Industries by 12.7% in the fourth quarter. Nuveen Asset Management LLC now owns 96,725 shares of the company's stock worth $10,000,000 after purchasing an additional 10,924 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Price Performance

Shares of LCI Industries stock traded down $1.72 on Friday, hitting $97.42. The company's stock had a trading volume of 854,502 shares, compared to its average volume of 217,282. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 16.26 and a beta of 1.34. The firm has a fifty day moving average price of $100.81 and a 200-day moving average price of $92.06.

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

LCI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.7%. LCI Industries's dividend payout ratio (DPR) is presently 76.79%.

Wall Street Analysts Forecast Growth

LCII has been the topic of a number of recent research reports. Truist Financial lifted their price target on LCI Industries from $80.00 to $88.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Wall Street Zen lowered LCI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets upped their price target on LCI Industries from $80.00 to $85.00 and gave the stock an "underperform" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $103.25.

About LCI Industries

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.