LCI Industries (NYSE:LCII) Director David A. Reed sold 3,328 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $95.03, for a total value of $316,259.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of LCI Industries stock traded down $1.04 on Friday, reaching $105.66. The company’s stock had a trading volume of 98,634 shares, compared to its average volume of 190,028. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.12 and a beta of 1.40. The firm’s fifty day simple moving average is $94.77 and its two-hundred day simple moving average is $90.28. LCI Industries has a 52 week low of $59.68 and a 52 week high of $107.43. The company has a quick ratio of 1.08, a current ratio of 2.27 and a debt-to-equity ratio of 0.41.
LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, November 5th. The company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. The business had revenue of $586.20 million during the quarter, compared to analyst estimates of $578.87 million. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. As a group, research analysts predict that LCI Industries will post 5.7 EPS for the current year.
LCII has been the subject of a number of analyst reports. Zacks Investment Research raised LCI Industries from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Friday. Sidoti lowered LCI Industries from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $108.00 in a research report on Thursday, October 31st. ValuEngine raised LCI Industries from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Citigroup raised their price objective on LCI Industries from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. LCI Industries has an average rating of “Hold” and an average target price of $105.75.
Several institutional investors have recently bought and sold shares of the business. Brasada Capital Management LP purchased a new position in shares of LCI Industries in the 2nd quarter worth $247,000. First Hawaiian Bank boosted its stake in shares of LCI Industries by 11.0% in the 2nd quarter. First Hawaiian Bank now owns 2,923 shares of the company’s stock worth $263,000 after buying an additional 289 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of LCI Industries by 17.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock worth $85,000 after buying an additional 139 shares during the last quarter. Morgan Stanley boosted its stake in shares of LCI Industries by 264.9% in the 2nd quarter. Morgan Stanley now owns 132,258 shares of the company’s stock worth $11,903,000 after buying an additional 96,017 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of LCI Industries by 2.2% in the 2nd quarter. Prudential Financial Inc. now owns 41,719 shares of the company’s stock worth $3,755,000 after buying an additional 890 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.
LCI Industries Company Profile
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 or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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