Radnor Capital Management LLC Has $1.36 Million Stake in LCI Industries (NYSE:LCII)

Radnor Capital Management LLC grew its holdings in LCI Industries (NYSE:LCII) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,275 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Radnor Capital Management LLC’s holdings in LCI Industries were worth $1,359,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in LCII. Vanguard Group Inc. grew its stake in shares of LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after purchasing an additional 15,670 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of LCI Industries by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after buying an additional 62,354 shares during the period. American Century Companies Inc. raised its position in shares of LCI Industries by 30.5% during the second quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after acquiring an additional 97,877 shares during the last quarter. Raymond James & Associates lifted its stake in shares of LCI Industries by 4.7% during the third quarter. Raymond James & Associates now owns 308,166 shares of the company’s stock valued at $37,146,000 after acquiring an additional 13,866 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its holdings in LCI Industries by 26.5% in the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after acquiring an additional 34,110 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on LCII shares. 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 shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Benchmark reiterated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. Finally, Truist Financial raised their price target on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $112.20.

LCI Industries Stock Up 3.9 %

NYSE:LCII opened at $119.70 on Thursday. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36. The stock has a 50-day moving average price of $117.03 and a two-hundred day moving average price of $111.45. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 25.09 and a beta of 1.41. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.24. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. LCI Industries’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 EPS. As a group, equities analysts expect that LCI Industries will post 5.97 earnings per share for the current year.

LCI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, August 30th. LCI Industries’s payout ratio is presently 88.05%.

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.