LCI Industries (NYSE:LCII) Upgraded by Zacks Investment Research to “Hold”

LCI Industries (NYSE:LCII) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “LCI Industries is a supplier of components to the recreational vehicle and manufactured housing industries as well as adjacent industries including bus, cargo and equestrian trailer, marine and heavy truck. The company’s product portfolio includes awnings, suspension enhancement, chassis, doors and laminates, electronics, interior, software and apps, windows and glass, thermoformed bath and kitchen products. LCI Industries, formerly known as formerly Drew Industries Incorporated, is based in Elkhart, Indiana. “

LCII has been the subject of a number of other reports. ValuEngine lowered LCI Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Citigroup upped their target price on LCI Industries from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. LCI Industries currently has a consensus rating of “Hold” and an average price target of $103.25.

Shares of NYSE LCII opened at $90.12 on Tuesday. The business has a fifty day simple moving average of $88.96 and a 200 day simple moving average of $88.48. The company has a current ratio of 2.44, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.97 and a beta of 1.41. LCI Industries has a one year low of $59.68 and a one year high of $97.77.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 6th. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $629.10 million during the quarter, compared to analyst estimates of $643.70 million. LCI Industries had a return on equity of 18.72% and a net margin of 5.75%. LCI Industries’s revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share. On average, research analysts anticipate that LCI Industries will post 5.7 earnings per share for the current fiscal year.

In other LCI Industries news, Director David A. Reed sold 500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $95.02, for a total value of $47,510.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David A. Reed sold 5,714 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $95.06, for a total value of $543,172.84. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

A number of large investors have recently made changes to their positions in LCII. Strs Ohio bought a new stake in LCI Industries in the second quarter valued at $45,000. Anderson Fisher LLC bought a new stake in LCI Industries in the second quarter valued at $80,000. Cullen Frost Bankers Inc. grew its position in LCI Industries by 17.4% in the second quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock valued at $85,000 after acquiring an additional 139 shares during the period. Quantamental Technologies LLC bought a new stake in LCI Industries in the second quarter valued at $135,000. Finally, Crossmark Global Holdings Inc. bought a new stake in LCI Industries in the second quarter valued at $202,000.

About LCI Industries

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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