LCI Industries (NYSE:LCII – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Sunday.
Several other research analysts also recently issued reports on LCII. Raymond James initiated coverage on shares of LCI Industries in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Truist Financial reduced their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, LCI Industries has an average rating of “Hold” and an average price target of $111.00.
Read Our Latest Research Report on LCI Industries
LCI Industries Price Performance
LCI Industries (NYSE:LCII – Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same period in the previous year, the business earned $1.02 EPS. LCI Industries’s revenue was down 4.6% compared to the same quarter last year. On average, equities analysts anticipate that LCI Industries will post 5.51 EPS for the current fiscal year.
Insider Activity
In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.
Institutional Trading of LCI Industries
Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its stake in shares of LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of LCI Industries in the 3rd quarter valued at about $49,000. GAMMA Investing LLC raised its position in shares of LCI Industries by 98.2% in the 3rd quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in LCI Industries by 99.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in LCI Industries during the second quarter valued at approximately $93,000. Institutional investors own 99.71% of the company’s stock.
LCI Industries Company Profile
LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.
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