LCI Industries (LCII) Lifted to “Strong-Buy” at BidaskClub
BidaskClub upgraded shares of LCI Industries (NASDAQ:LCII) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday, October 3rd.
Other research analysts have also issued research reports about the company. Robert W. Baird reissued a buy rating and set a $115.00 price objective on shares of LCI Industries in a report on Thursday, September 28th. Zacks Investment Research downgraded LCI Industries from a buy rating to a hold rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. LCI Industries presently has an average rating of Hold and an average target price of $112.33.
Shares of LCI Industries (NASDAQ LCII) traded up 0.88% on Tuesday, hitting $120.55. 112,182 shares of the stock were exchanged. The company’s 50 day moving average is $108.19 and its 200-day moving average is $100.30. The stock has a market cap of $3.00 billion and a PE ratio of 21.77. LCI Industries has a 52-week low of $80.65 and a 52-week high of $120.75.
LCI Industries (NASDAQ:LCII) last issued its earnings results on Friday, August 4th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $547.00 million for the quarter, compared to analyst estimates of $507.56 million. LCI Industries had a return on equity of 26.74% and a net margin of 7.33%. LCI Industries’s revenue was up 24.0% on a year-over-year basis. Analysts predict that LCI Industries will post $5.78 EPS for the current fiscal year.
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In other news, insider Jamie Schnur sold 1,100 shares of LCI Industries stock in a transaction on Friday, September 29th. The stock was sold at an average price of $115.46, for a total value of $127,006.00. Following the completion of the sale, the insider now directly owns 6,347 shares of the company’s stock, valued at approximately $732,824.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Scott T. Mereness acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $94.50 per share, with a total value of $283,500.00. Following the completion of the purchase, the president now owns 204,824 shares of the company’s stock, valued at $19,355,868. The disclosure for this purchase can be found here. Insiders have sold a total of 25,210 shares of company stock valued at $2,886,934 over the last ninety days.
A number of hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. lifted its holdings in LCI Industries by 0.3% during the second quarter. Alps Advisors Inc. now owns 4,695 shares of the company’s stock worth $481,000 after acquiring an additional 13 shares in the last quarter. Albion Financial Group UT lifted its holdings in shares of LCI Industries by 0.9% in the second quarter. Albion Financial Group UT now owns 5,012 shares of the company’s stock valued at $513,000 after purchasing an additional 45 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of LCI Industries by 1.6% in the second quarter. Pinebridge Investments L.P. now owns 3,281 shares of the company’s stock valued at $336,000 after purchasing an additional 52 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of LCI Industries by 3.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,128 shares of the company’s stock valued at $218,000 after purchasing an additional 78 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of LCI Industries by 0.8% in the second quarter. Arizona State Retirement System now owns 12,998 shares of the company’s stock valued at $1,331,000 after purchasing an additional 100 shares in the last quarter.
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.
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