Conestoga Capital Advisors LLC Has $19.65 Million Stake in LCI Industries (NYSE:LCII)

Conestoga Capital Advisors LLC grew its stake in LCI Industries (NYSE:LCII - Free Report) by 26.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,006 shares of the company's stock after buying an additional 34,110 shares during the quarter. Conestoga Capital Advisors LLC owned 0.64% of LCI Industries worth $19,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LCII. LRI Investments LLC bought a new position in LCI Industries in the first quarter valued at approximately $46,000. Blue Trust Inc. lifted its stake in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company's stock valued at $47,000 after purchasing an additional 361 shares during the last quarter. GAMMA Investing LLC grew its holdings in LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company's stock worth $66,000 after purchasing an additional 272 shares during the period. Fidelis Capital Partners LLC bought a new stake in LCI Industries in the first quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company's stock worth $77,000 after acquiring an additional 370 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Trading Up 1.2 %

Shares of LCII traded up $1.30 during mid-day trading on Friday, reaching $112.58. 199,625 shares of the company were exchanged, compared to its average volume of 225,577. The business has a 50 day simple moving average of $117.46 and a two-hundred day simple moving average of $111.16. LCI Industries has a 52 week low of $96.18 and a 52 week high of $131.36. The stock has a market capitalization of $2.87 billion, a PE ratio of 23.33 and a beta of 1.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82.

LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. LCI Industries's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share. On average, analysts predict that LCI Industries will post 5.97 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $1.05 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.73%. LCI Industries's payout ratio is currently 88.05%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They set a "market perform" rating for the company. StockNews.com cut LCI Industries from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Truist Financial upped their price target on shares of LCI Industries from $100.00 to $108.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Finally, Benchmark reaffirmed a "buy" rating and issued a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $112.20.

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.