Zacks Investment Research upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning. The brokerage currently has $134.00 target price on the stock.
According to Zacks, “LCI Industries is a supplier of components to the recreational vehicle and manufactured housing industries as well as adjacent industries including bus, cargo and equestrian trailer, marine and heavy truck. The company’s product portfolio includes awnings, suspension enhancement, chassis, doors and laminates, electronics, interior, software and apps, windows and glass, thermoformed bath and kitchen products. LCI Industries, formerly known as formerly Drew Industries Incorporated, is based in Elkhart, Indiana. “
Several other research firms have also recently commented on LCII. Robert W. Baird reaffirmed a buy rating and set a $135.00 price objective on shares of LCI Industries in a research report on Friday, December 22nd. BidaskClub raised LCI Industries from a buy rating to a strong-buy rating in a research report on Friday, October 27th. Finally, Northcoast Research assumed coverage on LCI Industries in a research report on Friday, January 26th. They set a sell rating and a $94.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $117.50.
LCI Industries (NYSE:LCII) traded down $1.60 during trading on Wednesday, hitting $116.40. The company had a trading volume of 24,213 shares, compared to its average volume of 169,116. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.29 and a quick ratio of 0.78. LCI Industries has a 12 month low of $86.25 and a 12 month high of $132.73. The stock has a market capitalization of $2,893.08, a PE ratio of 20.14 and a beta of 0.99.
LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.11 by $0.09. LCI Industries had a return on equity of 23.34% and a net margin of 6.19%. The company had revenue of $547.14 million for the quarter, compared to analysts’ expectations of $511.36 million. During the same period last year, the firm posted $1.05 earnings per share. LCI Industries’s revenue was up 35.8% compared to the same quarter last year. research analysts anticipate that LCI Industries will post 8.1 earnings per share for the current fiscal year.
In other news, CEO Jason Lippert sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $127.22, for a total value of $954,150.00. Following the transaction, the chief executive officer now owns 151,735 shares of the company’s stock, valued at $19,303,726.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jamie Schnur sold 3,800 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $128.29, for a total value of $487,502.00. Following the completion of the transaction, the insider now directly owns 3,829 shares in the company, valued at approximately $491,222.41. The disclosure for this sale can be found here. In the last three months, insiders sold 11,487 shares of company stock worth $1,464,242. 3.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its stake in shares of LCI Industries by 3.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,128 shares of the company’s stock worth $218,000 after buying an additional 78 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of LCI Industries by 2.6% in the second quarter. The Manufacturers Life Insurance Company now owns 18,592 shares of the company’s stock worth $1,903,000 after buying an additional 463 shares during the period. Legal & General Group Plc raised its stake in shares of LCI Industries by 1.0% in the third quarter. Legal & General Group Plc now owns 47,166 shares of the company’s stock worth $5,462,000 after buying an additional 467 shares during the period. M&T Bank Corp raised its stake in shares of LCI Industries by 18.6% in the fourth quarter. M&T Bank Corp now owns 3,498 shares of the company’s stock worth $454,000 after buying an additional 548 shares during the period. Finally, First Mercantile Trust Co. raised its stake in shares of LCI Industries by 30.7% in the fourth quarter. First Mercantile Trust Co. now owns 2,353 shares of the company’s stock worth $306,000 after buying an additional 553 shares during the period. 99.96% of the stock is currently owned by hedge funds and other institutional investors.
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LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
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