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

Radnor Capital Management LLC lessened its stake in shares of LCI Industries (NYSE:LCII) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LCII. Royce & Associates LP raised its position in LCI Industries by 22.5% during the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock worth $45,086,000 after acquiring an additional 68,682 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of LCI Industries by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after purchasing an additional 62,354 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of LCI Industries by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares during the period. Conestoga Capital Advisors LLC lifted its stake in LCI Industries by 26.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after purchasing an additional 34,110 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in LCI Industries by 11.0% during the third quarter. Franklin Resources Inc. now owns 317,439 shares of the company’s stock worth $37,607,000 after purchasing an additional 31,376 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LCII. StockNews.com lowered LCI Industries from a “buy” rating to a “hold” rating in a research note on Sunday. Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Truist Financial decreased their price objective on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and an average price target of $111.00.

Insiders Place Their Bets

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

LCI Industries Price Performance

Shares of NYSE LCII opened at $105.72 on Thursday. The firm has a market cap of $2.69 billion, a P/E ratio of 20.57 and a beta of 1.44. The business’s 50 day moving average is $111.52 and its 200-day moving average is $113.18. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share 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 firm had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. During the same quarter last year, the business earned $1.02 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

LCI Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.35%. This is a positive change from LCI Industries’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, November 29th. LCI Industries’s dividend payout ratio (DPR) is currently 89.49%.

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.