LCI Industries (LCII) Rating Increased to Strong-Buy at BidaskClub

LCI Industries (NASDAQ:LCII) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Wednesday, July 5th. Robert W. Baird reissued a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. LCI Industries currently has a consensus rating of “Buy” and a consensus price target of $112.33.

Shares of LCI Industries (LCII) opened at 125.25 on Friday. The company has a market capitalization of $3.12 billion and a P/E ratio of 22.62. The firm has a 50-day moving average of $114.62 and a 200 day moving average of $102.18. LCI Industries has a 1-year low of $80.65 and a 1-year high of $129.20.

LCI Industries (NASDAQ:LCII) last posted its earnings results on Friday, August 4th. The company reported $1.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. LCI Industries had a net margin of 7.33% and a return on equity of 26.74%. The company had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $507.56 million. The firm’s revenue was up 24.0% compared to the same quarter last year. On average, analysts anticipate that LCI Industries will post $5.78 EPS for the current year.

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In other LCI Industries news, CEO Jason Lippert sold 15,000 shares of LCI Industries stock in a transaction on Friday, September 29th. The shares were sold at an average price of $114.80, for a total value of $1,722,000.00. Following the completion of the transaction, the chief executive officer now directly owns 164,744 shares of the company’s stock, valued at approximately $18,912,611.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $127,006.00. Following the completion of the transaction, the insider now directly owns 6,347 shares of the company’s stock, valued at $732,824.62. The disclosure for this sale can be found here. Insiders sold a total of 25,210 shares of company stock valued at $2,886,934 over the last three months.

Several large investors have recently modified their holdings of the business. Congress Asset Management Co. MA lifted its holdings in shares of LCI Industries by 11.4% in the 2nd quarter. Congress Asset Management Co. MA now owns 14,950 shares of the company’s stock worth $1,531,000 after acquiring an additional 1,534 shares during the last quarter. Bowling Portfolio Management LLC lifted its holdings in shares of LCI Industries by 39.5% in the 2nd quarter. Bowling Portfolio Management LLC now owns 6,892 shares of the company’s stock worth $706,000 after acquiring an additional 1,953 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of LCI Industries by 4.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 35,853 shares of the company’s stock worth $3,667,000 after acquiring an additional 1,569 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of LCI Industries by 8.1% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 200,000 shares of the company’s stock worth $20,480,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of LCI Industries by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 18,183 shares of the company’s stock worth $1,862,000 after acquiring an additional 259 shares during 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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