Radnor Capital Management LLC Sells 400 Shares of LCI Industries (NYSE:LCII)

Radnor Capital Management LLC lessened its holdings in LCI Industries (NYSE:LCII) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,875 shares of the company’s stock after selling 400 shares during the period. Radnor Capital Management LLC’s holdings in LCI Industries were worth $1,124,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in LCI Industries in the third quarter valued at about $49,000. GAMMA Investing LLC boosted its stake in shares of LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after purchasing an additional 272 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of LCI Industries by 99.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after purchasing an additional 370 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of LCI Industries in the second quarter valued at approximately $93,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $105.72 on Thursday. The business has a 50-day moving average price of $111.52 and a two-hundred day moving average price of $113.18. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.69 billion, a P/E ratio of 20.57 and a beta of 1.44.

LCI Industries (NYSE:LCII) last released its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter last year, the firm posted $1.02 earnings per share. The firm’s revenue was down 4.6% on a year-over-year basis. As a group, analysts anticipate that LCI Industries will post 5.51 EPS for the current 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 paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.60 annualized dividend and a dividend yield of 4.35%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. LCI Industries’s payout ratio is currently 89.49%.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LCII has been the topic of several recent research reports. StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Truist Financial reduced their price objective on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. Finally, Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $111.00.

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.