LCI Industries (LCII) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of LCI Industries (NYSE:LCII) from a sell rating to a hold rating in a research note released on Tuesday.

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. “

Several other equities analysts have also recently commented on LCII. Robert W. Baird reaffirmed a buy rating and set a $115.00 price target on shares of LCI Industries in a research report on Friday, August 25th. BidaskClub raised shares of LCI Industries from a hold rating to a buy rating in a research report on Saturday, September 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average target price of $121.00.

LCI Industries (NYSE:LCII) opened at $127.75 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.19 and a quick ratio of 1.03. The firm has a market cap of $3,204.84, a PE ratio of 22.91 and a beta of 1.28. LCI Industries has a 12-month low of $86.25 and a 12-month high of $132.00.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.20 annualized dividend and a yield of 1.72%. LCI Industries’s dividend payout ratio (DPR) is 39.22%.

In related news, CEO Jason Lippert sold 15,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the sale, the chief executive officer now owns 164,744 shares in the company, valued at $18,912,611.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jamie Schnur sold 1,100 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $115.46, for a total transaction of $127,006.00. Following the sale, the insider now owns 6,347 shares in the company, valued at approximately $732,824.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,897 shares of company stock worth $3,863,673. 3.60% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Bruderman Asset Management LLC acquired a new stake in shares of LCI Industries in the second quarter valued at approximately $122,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of LCI Industries in the second quarter valued at approximately $124,000. Riverhead Capital Management LLC increased its stake in shares of LCI Industries by 74.9% in the second quarter. Riverhead Capital Management LLC now owns 1,399 shares of the company’s stock valued at $143,000 after purchasing an additional 599 shares during the period. Fortaleza Asset Management Inc. acquired a new stake in shares of LCI Industries in the second quarter valued at approximately $144,000. Finally, Zions Bancorporation acquired a new stake in shares of LCI Industries in the third quarter valued at approximately $187,000. Institutional investors own 99.56% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/06/lci-industries-lcii-upgraded-to-hold-at-zacks-investment-research.html.

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.

What are top analysts saying about LCI Industries? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for LCI Industries and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit