LCI Industries (NASDAQ:LCII) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

A number of other research analysts also recently issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research note on Thursday, September 28th. Zacks Investment Research downgraded LCI Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $112.33.

LCI Industries (NASDAQ LCII) traded up 0.16% on Friday, hitting $125.25. The company had a trading volume of 172,043 shares. LCI Industries has a one year low of $80.65 and a one year high of $129.20. The company has a market capitalization of $3.12 billion and a P/E ratio of 22.62. The stock’s 50-day moving average price is $114.62 and its 200 day moving average price is $102.18.

LCI Industries (NASDAQ:LCII) last announced its quarterly earnings data on Friday, August 4th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The company had revenue of $547.00 million for the quarter, compared to the consensus estimate of $507.56 million. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. On average, analysts expect that LCI Industries will post $5.78 EPS for the current fiscal year.

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In other news, President Scott T. Mereness bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of $94.50 per share, with a total value of $283,500.00. Following the transaction, the president now directly owns 204,824 shares of the company’s stock, valued at approximately $19,355,868. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jamie Schnur sold 1,100 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $115.46, for a total value of $127,006.00. Following the completion of the sale, the insider now directly owns 6,347 shares of the company’s stock, valued at $732,824.62. The disclosure for this sale can be found here. Insiders sold a total of 25,210 shares of company stock valued at $2,886,934 over the last ninety days.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in LCI Industries by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,118,153 shares of the company’s stock valued at $216,899,000 after buying an additional 39,620 shares in the last quarter. Neuberger Berman Group LLC increased its position in LCI Industries by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock valued at $169,668,000 after buying an additional 13,647 shares in the last quarter. JPMorgan Chase & Co. increased its position in LCI Industries by 0.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 828,459 shares of the company’s stock valued at $84,834,000 after buying an additional 3,418 shares in the last quarter. Royal Bank of Canada increased its position in LCI Industries by 65.4% in the 2nd quarter. Royal Bank of Canada now owns 826,484 shares of the company’s stock valued at $84,633,000 after buying an additional 326,926 shares in the last quarter. Finally, Boston Partners increased its position in LCI Industries by 2.1% in the 2nd quarter. Boston Partners now owns 729,159 shares of the company’s stock valued at $74,666,000 after buying an additional 15,308 shares in the last quarter.

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.

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