LCI Industries (NYSE:LCII) Director Virginia Henkels purchased 2,000 shares of the stock in a transaction on Wednesday, May 16th. The shares were bought at an average cost of $88.55 per share, for a total transaction of $177,100.00. Following the transaction, the director now directly owns 3,156 shares in the company, valued at $279,463.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
LCI Industries opened at $91.65 on Monday, Marketbeat.com reports. The company has a current ratio of 2.63, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.31 billion, a P/E ratio of 15.51 and a beta of 1.05. LCI Industries has a 1-year low of $85.66 and a 1-year high of $132.73.
LCI Industries (NYSE:LCII) last posted its earnings results on Friday, May 4th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). The business had revenue of $650.00 million for the quarter, compared to analyst estimates of $655.29 million. LCI Industries had a return on equity of 23.14% and a net margin of 5.96%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. equities analysts forecast that LCI Industries will post 7.63 EPS for the current year.
Several hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB increased its holdings in shares of LCI Industries by 26.3% during the 1st quarter. Handelsbanken Fonder AB now owns 404,253 shares of the company’s stock worth $42,103,000 after acquiring an additional 84,243 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in LCI Industries by 132.0% in the 1st quarter. Catalyst Capital Advisors LLC now owns 20,825 shares of the company’s stock valued at $2,169,000 after buying an additional 11,850 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in LCI Industries by 41.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 3,758 shares of the company’s stock valued at $391,000 after buying an additional 1,100 shares in the last quarter. Royal Bank of Canada grew its holdings in LCI Industries by 7.5% in the 1st quarter. Royal Bank of Canada now owns 882,854 shares of the company’s stock valued at $91,949,000 after buying an additional 61,583 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in LCI Industries by 9.3% in the 1st quarter. Legal & General Group Plc now owns 51,617 shares of the company’s stock valued at $5,329,000 after buying an additional 4,391 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on LCII shares. Robert W. Baird lowered their price target on LCI Industries to $135.00 and set an “outperform” rating on the stock in a research report on Monday, May 7th. Northcoast Research raised LCI Industries from a “sell” rating to a “neutral” rating and set a $94.00 price target on the stock in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 11th.
About LCI Industries
LCI Industries, along 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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