LCI Industries (NYSE:LCII) Lowered to “Hold” at Zacks Investment Research

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LCI Industries (NYSE:LCII) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, 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. “

A number of other analysts have also issued reports on the stock. ValuEngine upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Robert W. Baird decreased their target price on shares of LCI Industries from $100.00 to $76.00 and set an “outperform” rating on the stock in a research report on Monday. CL King upgraded shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, March 12th. Finally, Sidoti upgraded shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $101.00.

Shares of LCII opened at $69.33 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.47 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $94.33 and a 200-day simple moving average of $99.67. LCI Industries has a 1-year low of $55.58 and a 1-year high of $116.51. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 11.89 and a beta of 1.38.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, February 11th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.08. LCI Industries had a net margin of 6.18% and a return on equity of 19.20%. The firm had revenue of $564.00 million for the quarter, compared to analyst estimates of $554.35 million. During the same quarter last year, the business earned $0.82 earnings per share. LCI Industries’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts expect that LCI Industries will post 7.05 earnings per share for the current fiscal year.

In related news, Director David A. Reed sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $110.04, for a total transaction of $1,100,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LCII. Russell Investments Group Ltd. acquired a new position in shares of LCI Industries in the 3rd quarter valued at $381,000. Stifel Financial Corp boosted its holdings in shares of LCI Industries by 11.5% in the 3rd quarter. Stifel Financial Corp now owns 8,631 shares of the company’s stock valued at $788,000 after purchasing an additional 890 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of LCI Industries by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 38,028 shares of the company’s stock valued at $3,493,000 after purchasing an additional 454 shares during the last quarter. Barclays PLC boosted its holdings in shares of LCI Industries by 12.8% in the 3rd quarter. Barclays PLC now owns 44,505 shares of the company’s stock valued at $4,088,000 after purchasing an additional 5,034 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of LCI Industries in the 3rd quarter valued at $432,000. Institutional investors own 96.88% of the company’s stock.

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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