Posted by admin on May 13th, 2022
LCI Industries (NYSE:LCII – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage currently has a $122.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 9.19% from the stock’s current price.
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 research analysts have also recently issued research reports about the stock. MKM Partners initiated coverage on shares of LCI Industries in a report on Thursday, May 5th. They issued a “buy” rating and a $153.00 target price on the stock. StockNews.com started coverage on shares of LCI Industries in a report on Thursday, March 31st. They issued a “hold” rating on the stock. DA Davidson started coverage on shares of LCI Industries in a report on Wednesday, April 13th. They issued a “buy” rating and a $130.00 price target on the stock. Truist Financial cut their price target on shares of LCI Industries from $165.00 to $150.00 in a report on Wednesday. Finally, Robert W. Baird dropped their target price on shares of LCI Industries from $175.00 to $155.00 in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $142.00.
Shares of LCII opened at $111.73 on Friday. The firm’s 50 day simple moving average is $109.24 and its 200 day simple moving average is $130.60. The company has a market capitalization of $2.84 billion, a P/E ratio of 9.88 and a beta of 1.45. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.50 and a quick ratio of 0.75. LCI Industries has a 1-year low of $96.32 and a 1-year high of $163.33.
LCI Industries (NYSE:LCII – Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $7.71 EPS for the quarter, topping the consensus estimate of $4.99 by $2.72. LCI Industries had a net margin of 6.43% and a return on equity of 28.34%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm posted $2.93 earnings per share. The business’s revenue was up 64.4% compared to the same quarter last year. On average, equities analysts anticipate that LCI Industries will post 14.76 earnings per share for the current year.
In other news, Director Kieran M. O’sullivan acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The shares were acquired at an average cost of $112.00 per share, with a total value of $560,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jason Lippert acquired 9,265 shares of the firm’s stock in a transaction dated Thursday, March 31st. The shares were purchased at an average cost of $108.00 per share, for a total transaction of $1,000,620.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 27,515 shares of company stock valued at $2,966,138. 3.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in LCII. Kayne Anderson Rudnick Investment Management LLC raised its holdings in LCI Industries by 2,151.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,770 shares of the company’s stock valued at $199,791,000 after buying an additional 1,224,836 shares during the period. Norges Bank purchased a new stake in LCI Industries during the 4th quarter valued at $32,114,000. Bank of New York Mellon Corp raised its holdings in LCI Industries by 26.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 458,929 shares of the company’s stock valued at $61,785,000 after buying an additional 95,795 shares during the period. Jarislowsky Fraser Ltd raised its holdings in LCI Industries by 13.2% during the 4th quarter. Jarislowsky Fraser Ltd now owns 617,535 shares of the company’s stock valued at $96,255,000 after buying an additional 72,043 shares during the period. Finally, Raymond James & Associates raised its holdings in LCI Industries by 46.2% during the 4th quarter. Raymond James & Associates now owns 182,288 shares of the company’s stock valued at $28,413,000 after buying an additional 57,595 shares during the period. Institutional investors own 97.77% of the company’s stock.
LCI Industries Company Profile (Get Rating)
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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.
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