Brokerages Set LCI Industries (NYSE:LCII) Price Target at $105.75

LCI Industries (NYSE:LCII) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $105.00.

A number of analysts have issued reports on LCII shares. Zacks Investment Research lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Sidoti downgraded LCI Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $108.00 in a research report on Thursday, October 31st. ValuEngine raised LCI Industries from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Citigroup boosted their price objective on LCI Industries from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday.

NYSE:LCII traded up $0.21 on Tuesday, reaching $104.71. 130,075 shares of the company’s stock were exchanged, compared to its average volume of 188,514. The company has a quick ratio of 0.96, a current ratio of 2.27 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.15 and a beta of 1.40. The business has a fifty day moving average of $95.97 and a 200-day moving average of $90.64. LCI Industries has a 52-week low of $59.68 and a 52-week high of $107.49.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. The company had revenue of $586.20 million for the quarter, compared to analyst estimates of $578.87 million. LCI Industries had a net margin of 5.88% and a return on equity of 18.73%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. As a group, equities analysts anticipate that LCI Industries will post 5.79 earnings per share for the current year.

In other news, Director David A. Reed sold 5,714 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.06, for a total transaction of $543,172.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Reed sold 3,328 shares of the business’s stock in a transaction dated 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 three months, insiders have sold 9,542 shares of company stock valued at $906,943. Corporate insiders own 3.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new position in LCI Industries in the second quarter valued at approximately $202,000. First Hawaiian Bank boosted its holdings in LCI Industries by 11.0% in the second quarter. First Hawaiian Bank now owns 2,923 shares of the company’s stock valued at $263,000 after purchasing an additional 289 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in LCI Industries by 2.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,967 shares of the company’s stock valued at $897,000 after purchasing an additional 200 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in LCI Industries in the second quarter valued at approximately $210,000. Finally, State of Alaska Department of Revenue boosted its holdings in LCI Industries by 1.6% in the second quarter. State of Alaska Department of Revenue now owns 8,515 shares of the company’s stock valued at $766,000 after purchasing an additional 136 shares in the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for LCI Industries (NYSE:LCII)

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