Conestoga Capital Advisors LLC Purchases 2,710 Shares of LCI Industries (NYSE:LCII)

Conestoga Capital Advisors LLC boosted its stake in shares of LCI Industries (NYSE:LCII - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 165,716 shares of the company's stock after acquiring an additional 2,710 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.65% of LCI Industries worth $17,133,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LCII. The Manufacturers Life Insurance Company boosted its holdings in LCI Industries by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 13,071 shares of the company's stock valued at $1,351,000 after acquiring an additional 297 shares during the last quarter. Algert Global LLC bought a new position in shares of LCI Industries in the 2nd quarter valued at about $264,000. Sanctuary Advisors LLC acquired a new stake in shares of LCI Industries during the 2nd quarter worth approximately $1,685,000. Cubist Systematic Strategies LLC bought a new stake in shares of LCI Industries during the second quarter worth approximately $2,454,000. Finally, SG Americas Securities LLC lifted its holdings in LCI Industries by 98.2% in the third quarter. SG Americas Securities LLC now owns 7,571 shares of the company's stock valued at $913,000 after buying an additional 3,752 shares during the period. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LCII has been the topic of several recent research reports. StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Sunday, January 12th. Truist Financial reduced their target price on LCI Industries from $108.00 to $102.00 and set a "hold" rating on the stock in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $113.75.

LCI Industries Trading Down 1.5 %

NYSE:LCII traded down $1.56 on Thursday, reaching $101.04. The company's stock had a trading volume of 244,674 shares, compared to its average volume of 229,703. The firm has a market cap of $2.57 billion, a PE ratio of 19.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The business's 50-day moving average price is $107.92 and its two-hundred day moving average price is $113.19. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to analysts' expectations of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. LCI Industries's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 EPS. Equities research analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal 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 given a dividend of $1.15 per share. 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 is currently 89.49%.

Insider Buying and Selling

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the chief executive officer now owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

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.