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

Zacks Investment Research downgraded shares of LCI Industries (NYSE:LCII) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, 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. “

Other research analysts also recently issued reports about the company. Sidoti downgraded LCI Industries from a buy rating to a neutral rating and reduced their price objective for the company from $110.00 to $108.00 in a research note on Thursday, October 31st. Citigroup increased their price objective on LCI Industries from $105.00 to $110.00 and gave the company a buy rating in a research note on Monday, September 23rd. Finally, ValuEngine raised LCI Industries from a sell rating to a hold rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $108.50.

NYSE LCII traded up $0.21 during mid-day trading on Tuesday, hitting $104.71. The stock had a trading volume of 130,075 shares, compared to its average volume of 194,934. The firm’s 50 day moving average is $96.25 and its 200 day moving average is $90.72. LCI Industries has a twelve month low of $59.68 and a twelve month high of $107.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.27 and a quick ratio of 0.96. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.13 and a beta of 1.40.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02. LCI Industries had a return on equity of 18.73% and a net margin of 5.88%. The firm had revenue of $586.20 million during the quarter, compared to the consensus estimate of $578.87 million. During the same period in the prior year, the company earned $1.33 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts expect that LCI Industries will post 5.79 earnings per share for the current year.

In other LCI Industries news, Director David A. Reed sold 5,714 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.06, for a total value of $543,172.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Reed sold 500 shares of the firm’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 disclosure for this sale can be found here. Over the last three months, insiders sold 9,542 shares of company stock valued at $906,943. 3.30% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of LCII. Brasada Capital Management LP purchased a new position in shares of LCI Industries during the 2nd quarter worth $247,000. First Hawaiian Bank grew its holdings in shares of LCI Industries by 11.0% during the 2nd quarter. First Hawaiian Bank now owns 2,923 shares of the company’s stock worth $263,000 after purchasing an additional 289 shares during the period. California Public Employees Retirement System grew its holdings in shares of LCI Industries by 72.9% during the 3rd quarter. California Public Employees Retirement System now owns 68,333 shares of the company’s stock worth $6,276,000 after purchasing an additional 28,819 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of LCI Industries by 17.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 939 shares of the company’s stock worth $85,000 after purchasing an additional 139 shares during the period. Finally, Morgan Stanley grew its holdings in shares of LCI Industries by 264.9% during the 2nd quarter. Morgan Stanley now owns 132,258 shares of the company’s stock worth $11,903,000 after purchasing an additional 96,017 shares during the period. 99.78% of the stock is owned by institutional investors and hedge funds.

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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