LCI Industries (LCII) Receives Consensus Recommendation of “Hold” from Analysts

LCI Industries (NYSE:LCII) has earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $115.33.

A number of equities research analysts recently commented on LCII shares. Zacks Investment Research upgraded LCI Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 4th. Sidoti dropped their target price on LCI Industries from $136.00 to $119.00 and set a “buy” rating on the stock in a research report on Friday, September 28th. Northcoast Research restated a “buy” rating on shares of LCI Industries in a research report on Friday, August 17th. ValuEngine upgraded LCI Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Robert W. Baird restated a “buy” rating and issued a $115.00 price objective on shares of LCI Industries in a research report on Wednesday, July 25th.

NYSE LCII traded up $1.34 during trading hours on Tuesday, reaching $69.13. The stock had a trading volume of 28,475 shares, compared to its average volume of 198,957. The firm has a market cap of $1.77 billion, a P/E ratio of 12.00 and a beta of 1.07. LCI Industries has a 52-week low of $66.85 and a 52-week high of $132.73. The company has a quick ratio of 1.11, a current ratio of 2.70 and a debt-to-equity ratio of 0.30.

LCI Industries (NYSE:LCII) last issued its earnings results on Thursday, August 2nd. The company reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.03. The firm had revenue of $684.46 million for the quarter, compared to analyst estimates of $658.81 million. LCI Industries had a return on equity of 23.39% and a net margin of 5.92%. LCI Industries’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 earnings per share. As a group, research analysts expect that LCI Industries will post 6.68 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC acquired a new position in shares of LCI Industries during the 2nd quarter worth approximately $119,000. NumerixS Investment Technologies Inc acquired a new position in shares of LCI Industries during the 2nd quarter worth approximately $201,000. FNY Investment Advisers LLC acquired a new position in shares of LCI Industries during the 2nd quarter worth approximately $204,000. WP Advisors LLC acquired a new position in shares of LCI Industries during the 2nd quarter worth approximately $207,000. Finally, Bank of Montreal Can acquired a new position in shares of LCI Industries during the 2nd quarter worth approximately $215,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

About LCI Industries

LCI Industries, along 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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