LCI Industries (LCII) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of LCI Industries (NASDAQ:LCII) from a buy rating to a strong-buy rating in a report published on Friday morning.

A number of other analysts also recently issued reports on the stock. Robert W. Baird reissued a buy rating and set a $115.00 price target on shares of LCI Industries in a report on Thursday, September 28th. Zacks Investment Research downgraded shares of LCI Industries from a buy rating to a hold rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. LCI Industries presently has an average rating of Buy and an average target price of $112.33.

Shares of LCI Industries (LCII) traded up 0.16% on Friday, hitting $125.25. 172,043 shares of the stock traded hands. The stock has a 50 day moving average of $114.62 and a 200 day moving average of $102.18. The company has a market cap of $3.12 billion and a PE ratio of 22.62. LCI Industries has a one year low of $80.65 and a one year high of $129.20.

LCI Industries (NASDAQ:LCII) last announced its quarterly earnings results on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The firm had revenue of $547.00 million for the quarter, compared to the consensus estimate of $507.56 million. LCI Industries’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities analysts anticipate that LCI Industries will post $5.78 earnings per share for the current year.

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In related news, CEO Jason Lippert sold 15,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the sale, the chief executive officer now directly owns 164,744 shares of the company’s stock, valued at $18,912,611.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jamie Schnur sold 1,100 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $115.46, for a total transaction of $127,006.00. Following the sale, the insider now directly owns 6,347 shares in the company, valued at $732,824.62. The disclosure for this sale can be found here. Insiders have sold 25,210 shares of company stock worth $2,886,934 over the last three months.

A number of hedge funds and other institutional investors have recently made changes to their positions in LCII. Bruderman Asset Management LLC purchased a new position in LCI Industries during the second quarter valued at $122,000. Mountain Capital Investment Advisors Inc purchased a new position in LCI Industries during the second quarter valued at $124,000. Riverhead Capital Management LLC lifted its holdings in LCI Industries by 74.9% during the second quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after purchasing an additional 599 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in LCI Industries during the second quarter valued at $144,000. Finally, LSV Asset Management purchased a new position in LCI Industries during the second quarter valued at $194,000.

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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