LCI Industries (NYSE:LCII) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday. The brokerage currently has a $134.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 15.52% from the stock’s previous close.
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. “
A number of other analysts also recently commented on LCII. Robert W. Baird increased their price objective on shares of LCI Industries from $115.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. BidaskClub upgraded shares of LCI Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Finally, Northcoast Research assumed coverage on shares of LCI Industries in a report on Friday, January 26th. They issued a “sell” rating and a $94.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $117.50.
Shares of LCI Industries (NYSE:LCII) opened at $116.00 on Wednesday. The company has a market cap of $2,860.66, a PE ratio of 22.14 and a beta of 0.99. The company has a quick ratio of 0.78, a current ratio of 2.29 and a debt-to-equity ratio of 0.08. LCI Industries has a 1-year low of $86.25 and a 1-year high of $132.73.
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 Zacks’ consensus estimate of $1.11 by $0.09. The company had revenue of $547.14 million during the quarter, compared to the consensus estimate of $511.36 million. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. LCI Industries’s quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. equities research analysts expect that LCI Industries will post 6.6 earnings per share for the current year.
In other news, CEO Jason Lippert sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $127.22, for a total transaction of $954,150.00. Following the completion of the sale, the chief executive officer now owns 151,735 shares in the company, valued at approximately $19,303,726.70. The sale was disclosed in a legal 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 that occurred on Monday, December 4th. The stock was sold at an average price of $128.29, for a total transaction of $487,502.00. Following the sale, the insider now owns 3,829 shares of the company’s stock, valued at approximately $491,222.41. The disclosure for this sale can be found here. Insiders have sold a total of 11,487 shares of company stock valued at $1,464,242 in the last 90 days. Insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in LCII. UBS Asset Management Americas Inc. increased its holdings in shares of LCI Industries by 6.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,512 shares of the company’s stock worth $1,281,000 after buying an additional 801 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of LCI Industries by 9.5% during the 2nd quarter. Voya Investment Management LLC now owns 15,206 shares of the company’s stock worth $1,557,000 after purchasing an additional 1,321 shares during the period. State Street Corp boosted its position in shares of LCI Industries by 2.2% during the 2nd quarter. State Street Corp now owns 594,465 shares of the company’s stock worth $60,871,000 after purchasing an additional 12,737 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of LCI Industries by 2.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,592 shares of the company’s stock worth $1,903,000 after purchasing an additional 463 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its position in shares of LCI Industries by 3.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,128 shares of the company’s stock worth $218,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 99.96% of the company’s stock.
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About LCI Industries
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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