LCI Industries (NYSE:LCII) insider Kip A. Emenhiser sold 111 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $110.83, for a total transaction of $12,302.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
LCI Industries (LCII) traded up $2.15 during trading hours on Friday, hitting $111.35. 115,474 shares of the stock traded hands, compared to its average volume of 229,077. The company has a current ratio of 2.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2,830.00, a P/E ratio of 23.59 and a beta of 0.98. LCI Industries has a 12-month low of $86.25 and a 12-month high of $132.73.
LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.09. The firm had revenue of $547.14 million for the quarter, compared to the consensus estimate of $511.36 million. LCI Industries had a net margin of 6.19% and a return on equity of 23.34%. The company’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. analysts expect that LCI Industries will post 8.1 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in LCI Industries by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,054,193 shares of the company’s stock worth $397,047,000 after purchasing an additional 71,225 shares during the period. Boston Partners raised its stake in LCI Industries by 2.4% during the third quarter. Boston Partners now owns 746,784 shares of the company’s stock worth $86,515,000 after purchasing an additional 17,625 shares during the period. Congress Asset Management Co. MA raised its stake in LCI Industries by 723.3% during the fourth quarter. Congress Asset Management Co. MA now owns 689,686 shares of the company’s stock worth $89,659,000 after purchasing an additional 605,911 shares during the period. Dimensional Fund Advisors LP raised its stake in LCI Industries by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 671,293 shares of the company’s stock worth $77,768,000 after purchasing an additional 21,314 shares during the period. Finally, Victory Capital Management Inc. raised its stake in LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 391,140 shares of the company’s stock worth $50,849,000 after purchasing an additional 9,025 shares during the period. 96.32% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on LCII. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “strong-buy” rating and set a $134.00 price target on the stock in a research note on Wednesday, February 14th. Robert W. Baird reissued a “buy” rating and issued a $135.00 price target on shares of LCI Industries in a research note on Friday, December 22nd. Finally, Northcoast Research began coverage on shares of LCI Industries in a research note on Friday, January 26th. They issued a “sell” rating and a $94.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $117.50.
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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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