LCI Industries (NYSE:LCII) Receives New Coverage from Analysts at Northcoast Research

Stock analysts at Northcoast Research assumed coverage on shares of LCI Industries (NYSE:LCII) in a research report issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.

Other analysts have also recently issued reports about the company. ValuEngine upgraded LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Jefferies Financial Group initiated coverage on LCI Industries in a research report on Thursday, March 28th. They issued a “buy” rating and a $86.00 price target on the stock. CL King cut LCI Industries from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research upgraded LCI Industries from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $102.00.

Shares of LCII traded down $0.09 on Friday, reaching $90.37. 12,654 shares of the stock traded hands, compared to its average volume of 146,258. The stock has a market cap of $2.20 billion, a PE ratio of 15.42, a P/E/G ratio of 0.94 and a beta of 1.40. The company has a current ratio of 2.57, a quick ratio of 1.06 and a debt-to-equity ratio of 0.47. LCI Industries has a 12 month low of $59.68 and a 12 month high of $102.22.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The business had revenue of $592.20 million for the quarter, compared to analysts’ expectations of $585.65 million. LCI Industries had a return on equity of 18.94% and a net margin of 5.61%. LCI Industries’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 earnings per share. Equities analysts forecast that LCI Industries will post 5.83 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Icon Wealth Partners LLC acquired a new position in shares of LCI Industries during the first quarter valued at $31,000. Versant Capital Management Inc acquired a new position in shares of LCI Industries during the first quarter valued at $45,000. Cullen Frost Bankers Inc. acquired a new position in shares of LCI Industries during the first quarter valued at $61,000. Rockefeller Capital Management L.P. lifted its stake in shares of LCI Industries by 1,189.6% during the first quarter. Rockefeller Capital Management L.P. now owns 993 shares of the company’s stock valued at $76,000 after acquiring an additional 916 shares during the period. Finally, Exane Derivatives lifted its stake in shares of LCI Industries by 93.4% during the first quarter. Exane Derivatives now owns 1,079 shares of the company’s stock valued at $83,000 after acquiring an additional 521 shares during the period. 97.31% 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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