Zacks Investment Research upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research note issued to investors on Friday, Zacks.com reports. Zacks Investment Research currently has $119.00 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 equities analysts have also recently weighed in on LCII. Sidoti cut LCI Industries from a buy rating to a neutral rating and cut their price target for the company from $110.00 to $108.00 in a report on Thursday, October 31st. Citigroup raised their price target on LCI Industries from $105.00 to $110.00 and gave the company a buy rating in a report on Monday, September 23rd. Finally, ValuEngine upgraded LCI Industries from a sell rating to a hold rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $105.75.
Shares of NYSE:LCII traded down $1.04 during trading on Friday, hitting $105.66. 98,634 shares of the company’s stock were exchanged, compared to its average volume of 190,028. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.27 and a quick ratio of 1.08. LCI Industries has a 52-week low of $59.68 and a 52-week high of $107.43. The business’s 50-day simple moving average is $94.77 and its 200 day simple moving average is $90.28. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.12 and a beta of 1.40.
LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, November 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.02. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. The firm had revenue of $586.20 million during the quarter, compared to analysts’ expectations of $578.87 million. During the same quarter last year, the business posted $1.33 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts anticipate that LCI Industries will post 5.7 EPS for the current fiscal year.
In other news, Director David A. Reed sold 5,714 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $95.06, for a total value of $543,172.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Reed sold 3,328 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $95.03, for a total value of $316,259.84. The disclosure for this sale can be found here. Insiders have sold a total of 9,542 shares of company stock valued at $906,943 in the last 90 days. 3.30% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of LCII. Crossmark Global Holdings Inc. bought a new stake in shares of LCI Industries in the 2nd quarter valued at approximately $202,000. First Hawaiian Bank lifted 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 valued at $263,000 after purchasing an additional 289 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of LCI Industries by 2.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,967 shares of the company’s stock valued at $897,000 after purchasing an additional 200 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of LCI Industries in the 2nd quarter valued at approximately $210,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of LCI Industries by 1.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,515 shares of the company’s stock valued at $766,000 after purchasing an additional 136 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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