Radnor Capital Management LLC Purchases New Position in LCI Industries (NYSE:LCII)

Radnor Capital Management LLC purchased a new stake in LCI Industries (NYSE:LCII) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,930 shares of the company’s stock, valued at approximately $1,128,000.

A number of other large investors have also recently modified their holdings of LCII. Raymond James Trust N.A. increased its position in shares of LCI Industries by 2.8% during the first quarter. Raymond James Trust N.A. now owns 3,427 shares of the company’s stock worth $355,000 after purchasing an additional 94 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of LCI Industries by 8.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,269 shares of the company’s stock worth $139,000 after purchasing an additional 97 shares in the last quarter. Ergawealth Advisors Inc. increased its position in shares of LCI Industries by 1.0% during the first quarter. Ergawealth Advisors Inc. now owns 13,809 shares of the company’s stock worth $1,517,000 after purchasing an additional 140 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of LCI Industries by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,961 shares of the company’s stock valued at $921,000 after acquiring an additional 147 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of LCI Industries by 0.5% in the 3rd quarter. Alliancebernstein L.P. now owns 36,783 shares of the company’s stock valued at $3,732,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. CJS Securities downgraded LCI Industries from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. Truist Financial lowered their price target on shares of LCI Industries from $140.00 to $135.00 in a report on Friday. Finally, StockNews.com initiated coverage on shares of LCI Industries in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.86.

LCI Industries Trading Down 1.0 %

NYSE LCII traded down $1.25 during mid-day trading on Friday, reaching $120.59. 81,442 shares of the stock were exchanged, compared to its average volume of 183,139. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.92 and a current ratio of 2.80. The stock has a market capitalization of $3.05 billion, a PE ratio of 36.72 and a beta of 1.51. LCI Industries has a 1-year low of $89.28 and a 1-year high of $137.07. The business’s fifty day simple moving average is $126.87 and its 200 day simple moving average is $117.94.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 8th. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.06). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.16 million. LCI Industries had a net margin of 2.12% and a return on equity of 6.14%. The business’s revenue was down 33.9% on a year-over-year basis. During the same period in the prior year, the business posted $6.06 EPS. On average, research analysts anticipate that LCI Industries will post 4.92 earnings per share for the current fiscal year.

LCI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $1.05 dividend. The ex-dividend date is Thursday, August 31st. This represents a $4.20 annualized dividend and a yield of 3.48%. LCI Industries’s dividend payout ratio is presently 126.51%.

About LCI Industries

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; air conditioners; televisions and sound systems; tankless water heaters; towing products; truck accessories; and other accessories.