LCI Industries (NYSE:LCII) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of LCI Industries (NYSE:LCII) from a hold rating to a buy rating in a research note released on Friday morning, Zacks.com reports. Zacks Investment Research currently has $119.00 price objective on the stock.

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 research analysts also recently issued reports on LCII. ValuEngine upgraded LCI Industries from a sell rating to a hold rating in a report on Friday, November 1st. Citigroup lifted their price target on LCI Industries from $105.00 to $110.00 and gave the company a buy rating in a report on Monday, September 23rd. Finally, Sidoti downgraded LCI Industries from a buy rating to a neutral rating and dropped their target price for the stock from $110.00 to $108.00 in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. LCI Industries has a consensus rating of Hold and a consensus price target of $105.75.

Shares of 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. LCI Industries has a 52-week low of $59.68 and a 52-week high of $107.43. The firm’s 50 day simple moving average is $94.77 and its 200-day simple moving average is $90.28. The firm has a market capitalization of $2.64 billion, a PE ratio of 18.03, a PEG ratio of 1.12 and a beta of 1.40. The company has a current ratio of 2.27, a quick ratio of 1.08 and a debt-to-equity ratio of 0.41.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. The business had revenue of $586.20 million for the quarter, compared to the consensus estimate of $578.87 million. During the same period last year, the business posted $1.33 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that LCI Industries will post 5.7 earnings per share for the current year.

In related news, Director David A. Reed sold 500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $95.02, for a total transaction of $47,510.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Reed sold 3,328 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $95.03, for a total value of $316,259.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,542 shares of company stock worth $906,943. 3.30% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in 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 acquiring an additional 39,933 shares during the period. Bank of New York Mellon Corp lifted its position in LCI Industries by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 563,179 shares of the company’s stock worth $50,686,000 after acquiring an additional 10,546 shares during the period. Northern Trust Corp lifted its position in LCI Industries by 1.8% during the 2nd quarter. Northern Trust Corp now owns 350,980 shares of the company’s stock worth $31,589,000 after acquiring an additional 6,137 shares during the period. Charles Schwab Investment Management Inc. lifted its position in LCI Industries by 0.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 235,960 shares of the company’s stock worth $21,237,000 after acquiring an additional 1,396 shares during the period. Finally, Morgan Stanley lifted its position in 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 acquiring an additional 96,017 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Company Profile

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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