Conestoga Capital Advisors LLC Has $15.54 Million Stock Position in LCI Industries (NYSE:LCII)

Conestoga Capital Advisors LLC grew its holdings in LCI Industries (NYSE:LCII) by 7.2% in the first quarter, HoldingsChannel reports. The fund owned 177,716 shares of the company’s stock after buying an additional 12,000 shares during the period. Conestoga Capital Advisors LLC’s holdings in LCI Industries were worth $15,538,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Summit Investment Advisors Inc. boosted its holdings in LCI Industries by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company’s stock valued at $268,000 after purchasing an additional 130 shares during the period. Keybank National Association OH increased its holdings in shares of LCI Industries by 7.1% during the fourth quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock worth $315,000 after purchasing an additional 202 shares during the period. Inspire Advisors LLC raised its position in shares of LCI Industries by 3.6% in the fourth quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock valued at $611,000 after buying an additional 206 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of LCI Industries by 11.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,263 shares of the company’s stock valued at $234,000 after buying an additional 238 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of LCI Industries by 205.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after buying an additional 247 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LCII has been the topic of a number of recent research reports. 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. Wall Street Zen cut LCI Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Robert W. Baird cut their price objective on shares of LCI Industries from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, LCI Industries currently has a consensus rating of “Hold” and an average target price of $114.50.

LCI Industries Trading Up 2.7%

Shares of LCII stock opened at $90.38 on Tuesday. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $129.38. The stock’s fifty day moving average price is $84.50 and its two-hundred day moving average price is $95.71. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company has a market cap of $2.28 billion, a PE ratio of 16.14 and a beta of 1.27.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.64. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $972.04 million. During the same period in the prior year, the company earned $1.44 EPS. LCI Industries’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

LCI Industries Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 5.09%. LCI Industries’s payout ratio is currently 75.41%.

LCI Industries declared that its board has initiated a share buyback program on Thursday, May 15th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.