LCI Industries (NYSE:LCII) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday, Zacks.com reports. The firm currently has a $119.00 price objective on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.63% from the stock’s current price.
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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. “
Other analysts also recently issued reports about the company. Citigroup increased their price target on LCI Industries from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Sidoti downgraded LCI Industries from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $108.00 in a report on Thursday, October 31st. Finally, ValuEngine upgraded LCI Industries from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $105.75.
NYSE LCII traded down $1.04 on Friday, reaching $105.66. The company had a trading volume of 98,634 shares, compared to its average volume of 190,028. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.12 and a beta of 1.40. LCI Industries has a fifty-two week low of $59.68 and a fifty-two week high of $107.43. The business has a 50 day moving average of $94.77 and a two-hundred day moving average of $90.28. 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 (NYSE:LCII) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. The business had revenue of $586.20 million during the quarter, compared to the consensus estimate of $578.87 million. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. LCI Industries’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. As a group, research analysts predict that LCI Industries will post 5.7 earnings per share for the current fiscal year.
In other LCI Industries news, Director David A. Reed sold 3,328 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $95.03, for a total transaction of $316,259.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Reed sold 5,714 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.06, for a total value of $543,172.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,542 shares of company stock valued at $906,943. Company insiders own 3.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC bought a new position in shares of LCI Industries during the 2nd quarter worth about $9,061,000. Morgan Stanley boosted its position in shares of LCI Industries by 264.9% during the 2nd quarter. Morgan Stanley now owns 132,258 shares of the company’s stock worth $11,903,000 after purchasing an additional 96,017 shares in the last quarter. BlackRock Inc. boosted its position in shares of LCI Industries by 1.1% during the 2nd quarter. BlackRock Inc. now owns 3,640,224 shares of the company’s stock worth $327,621,000 after purchasing an additional 39,933 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of LCI Industries during the 2nd quarter worth about $3,575,000. Finally, California Public Employees Retirement System boosted its position in shares of LCI Industries by 72.9% during the 3rd quarter. California Public Employees Retirement System now owns 68,333 shares of the company’s stock worth $6,276,000 after purchasing an additional 28,819 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
About LCI Industries
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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