LCI Industries (LCII) Upgraded to Strong-Buy by BidaskClub
LCI Industries (NASDAQ:LCII) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Wednesday, July 5th. Robert W. Baird reiterated a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $112.33.
LCI Industries (NASDAQ LCII) traded down 1.92% during trading on Tuesday, hitting $117.25. 154,701 shares of the stock traded hands. LCI Industries has a 52 week low of $80.65 and a 52 week high of $120.70. The stock has a market cap of $2.92 billion and a P/E ratio of 21.17. The firm’s 50-day moving average is $103.16 and its 200 day moving average is $99.29.
LCI Industries (NASDAQ:LCII) last released its earnings results on Friday, August 4th. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. The company had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $507.56 million. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities research analysts forecast that LCI Industries will post $5.78 earnings per share for the current fiscal year.
In other LCI Industries news, insider Jamie Schnur sold 1,100 shares of LCI Industries stock in a transaction on Friday, September 29th. The shares were sold at an average price of $115.46, for a total transaction of $127,006.00. Following the completion of the sale, the insider now owns 6,347 shares of the company’s stock, valued at approximately $732,824.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason Lippert sold 15,000 shares of LCI Industries stock in a transaction on Friday, September 29th. The stock was sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the sale, the chief executive officer now directly owns 164,744 shares of the company’s stock, valued at approximately $18,912,611.20. The disclosure for this sale can be found here. Insiders sold 25,210 shares of company stock worth $2,886,934 over the last 90 days.
Institutional investors have recently modified their holdings of the business. Bruderman Asset Management LLC bought a new stake in shares of LCI Industries during the 2nd quarter valued at $122,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of LCI Industries in the 2nd quarter valued at $124,000. Riverhead Capital Management LLC boosted its position in shares of LCI Industries by 74.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock worth $143,000 after purchasing an additional 599 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of LCI Industries in the 2nd quarter worth $144,000. Finally, LSV Asset Management bought a new position in shares of LCI Industries in the 2nd quarter worth $194,000.
About LCI Industries
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.