Citigroup Cuts LCI Industries (LCII) Price Target to $92.00

LCI Industries (NYSE:LCII) had its price objective cut by Citigroup from $111.00 to $92.00 in a research report released on Tuesday morning. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also issued reports on LCII. Zacks Investment Research lowered shares of LCI Industries from a hold rating to a sell rating in a research note on Tuesday, July 10th. ValuEngine raised shares of LCI Industries from a sell rating to a hold rating in a research note on Wednesday, August 8th. Robert W. Baird reissued a buy rating and set a $115.00 target price on shares of LCI Industries in a research note on Wednesday, July 25th. Northcoast Research reissued a buy rating on shares of LCI Industries in a research note on Friday, August 17th. Finally, Sidoti reduced their target price on shares of LCI Industries from $136.00 to $119.00 and set a buy rating for the company in a research note on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. LCI Industries presently has a consensus rating of Hold and an average target price of $110.80.

LCI Industries stock traded down $1.52 during midday trading on Tuesday, reaching $76.40. 46,680 shares of the stock traded hands, compared to its average volume of 233,312. The company has a quick ratio of 1.26, a current ratio of 3.05 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.26 and a beta of 1.17. LCI Industries has a fifty-two week low of $66.49 and a fifty-two week high of $132.73.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, November 1st. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.05). The firm had revenue of $604.24 million for the quarter, compared to analyst estimates of $601.93 million. LCI Industries had a net margin of 5.87% and a return on equity of 22.88%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. Research analysts expect that LCI Industries will post 6.2 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Bruderman Asset Management LLC acquired a new stake in shares of LCI Industries in the 2nd quarter worth approximately $119,000. NumerixS Investment Technologies Inc acquired a new stake in shares of LCI Industries in the 2nd quarter worth approximately $201,000. FNY Investment Advisers LLC acquired a new stake in shares of LCI Industries in the 2nd quarter worth approximately $204,000. WP Advisors LLC acquired a new stake in shares of LCI Industries in the 2nd quarter worth approximately $207,000. Finally, First Hawaiian Bank acquired a new stake in shares of LCI Industries in the 3rd quarter worth approximately $214,000. 93.57% of the stock is owned by institutional investors.

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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