LCI Industries (LCII) Issues Earnings Results

LCI Industries (NYSE:LCII) posted its earnings results on Thursday. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.09, Bloomberg Earnings reports. LCI Industries had a net margin of 7.07% and a return on equity of 23.60%. The firm had revenue of $547.14 million for the quarter, compared to analyst estimates of $511.36 million. During the same period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year.

LCI Industries (LCII) traded down $2.43 on Thursday, reaching $108.62. 190,065 shares of the company’s stock were exchanged, compared to its average volume of 153,846. LCI Industries has a 52-week low of $86.25 and a 52-week high of $132.73. The company has a quick ratio of 1.03, a current ratio of 2.19 and a debt-to-equity ratio of 0.08. The company has a market cap of $2,724.74, a price-to-earnings ratio of 19.80 and a beta of 0.99.

In other news, CEO Jason Lippert sold 7,500 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $127.22, for a total value of $954,150.00. Following the sale, the chief executive officer now directly owns 151,735 shares of the company’s stock, valued at approximately $19,303,726.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jamie Schnur sold 3,800 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $128.29, for a total transaction of $487,502.00. Following the completion of the sale, the insider now directly owns 3,829 shares in the company, valued at $491,222.41. The disclosure for this sale can be found here. Insiders have sold a total of 11,487 shares of company stock worth $1,464,242 over the last three months. Insiders own 3.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc acquired a new position in shares of LCI Industries during the 2nd quarter valued at $124,000. Public Employees Retirement Association of Colorado acquired a new position in shares of LCI Industries during the 4th quarter valued at $170,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of LCI Industries by 104.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock valued at $186,000 after acquiring an additional 730 shares during the period. Zions Bancorporation acquired a new position in shares of LCI Industries during the 3rd quarter valued at $187,000. Finally, Pitcairn Co. acquired a new position in shares of LCI Industries during the 3rd quarter valued at $200,000. 97.75% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of LCI Industries from $115.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. BidaskClub lowered shares of LCI Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research raised shares of LCI Industries from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Northcoast Research assumed coverage on shares of LCI Industries in a report on Friday, January 26th. They set a “sell” rating and a $94.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $112.75.

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LCI Industries Company Profile

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.

Earnings History for LCI Industries (NYSE:LCII)

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