LCI Industries (LCII) Given “Buy” Rating at Robert W. Baird

LCI Industries (NYSE:LCII)‘s stock had its “buy” rating reiterated by Robert W. Baird in a report issued on Friday. They currently have a $135.00 target price on the stock. Robert W. Baird’s price objective suggests a potential upside of 4.77% from the stock’s previous close.

Several other analysts also recently commented on LCII. BidaskClub upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. Zacks Investment Research upgraded shares of LCI Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. LCI Industries presently has a consensus rating of “Hold” and a consensus target price of $119.00.

LCI Industries (NYSE:LCII) opened at $128.85 on Friday. The firm has a market cap of $3,197.35, a price-to-earnings ratio of 22.97 and a beta of 1.28. LCI Industries has a one year low of $86.25 and a one year high of $132.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19.

In other news, CEO Jason Lippert sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 164,744 shares in the company, valued at approximately $18,912,611.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jamie Schnur sold 3,800 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $128.29, for a total transaction of $487,502.00. Following the completion of the sale, the insider now owns 3,829 shares in the company, valued at $491,222.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,697 shares of company stock worth $4,351,175. Insiders own 3.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC boosted its position in shares of LCI Industries by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock worth $169,668,000 after purchasing an additional 13,647 shares in the last quarter. Intrust Bank NA boosted its position in LCI Industries by 20.3% during the 2nd quarter. Intrust Bank NA now owns 2,811 shares of the company’s stock worth $288,000 after acquiring an additional 475 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of LCI Industries during the 2nd quarter worth about $202,000. Sei Investments Co. raised its stake in shares of LCI Industries by 2,623.4% during the 2nd quarter. Sei Investments Co. now owns 11,983 shares of the company’s stock worth $1,228,000 after purchasing an additional 11,543 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of LCI Industries by 20.6% during the 3rd quarter. Aperio Group LLC now owns 8,188 shares of the company’s stock worth $949,000 after purchasing an additional 1,398 shares in the last quarter. 97.69% of the stock is owned by hedge funds and other institutional investors.

WARNING: “LCI Industries (LCII) Given “Buy” Rating at Robert W. Baird” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.com-unik.info/2017/12/23/lci-industries-lcii-given-buy-rating-at-robert-w-baird.html.

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.

Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.

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