LCI Industries (NYSE:LCII) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $106.33.
LCII has been the subject of several recent analyst reports. Sidoti reduced their target price on shares of LCI Industries from $115.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, November 30th. Citigroup cut their price target on shares of LCI Industries from $111.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, November 6th.
Shares of LCI Industries stock traded down $0.83 during trading hours on Friday, hitting $76.33. The company had a trading volume of 8,727 shares, compared to its average volume of 254,304. LCI Industries has a twelve month low of $59.68 and a twelve month high of $131.50. The company has a current ratio of 3.05, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 13.24 and a beta of 1.24.
LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, November 1st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.05). LCI Industries had a net margin of 5.87% and a return on equity of 22.88%. The company had revenue of $604.24 million during the quarter, compared to analyst estimates of $601.93 million. During the same quarter in the previous year, the company posted $1.26 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that LCI Industries will post 6.08 earnings per share for the current fiscal year.
In related news, Director James Gero purchased 15,000 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was acquired at an average price of $63.24 per share, for a total transaction of $948,600.00. Following the acquisition, the director now directly owns 278,473 shares of the company’s stock, valued at approximately $17,610,632.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.
A number of large investors have recently bought and sold shares of LCII. First Trust Advisors LP purchased a new stake in shares of LCI Industries during the second quarter worth about $871,000. Schwab Charles Investment Management Inc. grew its holdings in shares of LCI Industries by 11.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 186,298 shares of the company’s stock worth $16,795,000 after buying an additional 19,233 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of LCI Industries by 25.2% during the second quarter. GSA Capital Partners LLP now owns 3,860 shares of the company’s stock worth $348,000 after buying an additional 776 shares in the last quarter. BlackRock Inc. grew its holdings in shares of LCI Industries by 9.8% during the second quarter. BlackRock Inc. now owns 3,437,411 shares of the company’s stock worth $309,881,000 after buying an additional 305,546 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of LCI Industries by 6.3% during the second quarter. Legal & General Group Plc now owns 54,876 shares of the company’s stock worth $4,972,000 after buying an additional 3,259 shares in the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.
LCI Industries Company Profile
LCI Industries, along 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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