LCI Industries (NYSE:LCII) Rating Increased to Buy at Zacks Investment Research

LCI Industries (NYSE:LCII) 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 $119.00 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 12.63% from the company’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. “

A number of other equities analysts also recently weighed in on the company. Citigroup boosted their price target on LCI Industries from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. ValuEngine raised LCI Industries from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Sidoti downgraded LCI Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $108.00 in a research report 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. The company has an average rating of “Hold” and an average target price of $105.75.

Shares of NYSE:LCII traded down $1.04 during midday trading on Friday, reaching $105.66. The company had a trading volume of 98,634 shares, compared to its average volume of 190,028. The company has a quick ratio of 1.08, a current ratio of 2.27 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $94.77 and its 200 day moving average price is $90.28. The stock has a market cap of $2.64 billion, a PE ratio of 18.03, a P/E/G ratio of 1.12 and a beta of 1.40. LCI Industries has a 1-year low of $59.68 and a 1-year high of $107.43.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, November 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The business had revenue of $586.20 million for 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 quarter in the previous year, the business earned $1.33 earnings per share. On average, research analysts expect that LCI Industries will post 5.7 earnings per share for the current fiscal year.

In other news, Director David A. Reed sold 500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $95.02, for a total value of $47,510.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Reed sold 3,328 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were 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. In the last three months, insiders have sold 9,542 shares of company stock worth $906,943. Company insiders own 3.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of LCII. Strs Ohio acquired a new position in shares of LCI Industries in the second quarter valued at approximately $45,000. Versant Capital Management Inc boosted its stake in shares of LCI Industries by 41.9% in the third quarter. Versant Capital Management Inc now owns 647 shares of the company’s stock valued at $59,000 after buying an additional 191 shares during the period. Anderson Fisher LLC bought a new stake in shares of LCI Industries in the second quarter valued at approximately $80,000. Cullen Frost Bankers Inc. boosted its stake in shares of LCI Industries by 17.4% in the second quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock valued at $85,000 after buying an additional 139 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in shares of LCI Industries in the second quarter valued at approximately $135,000. 99.71% of the stock is currently owned by institutional investors.

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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