LCI Industries (NYSE:LCII) Upgraded to “Buy” at Northcoast Research

Northcoast Research upgraded shares of LCI Industries (NYSE:LCII) from a neutral rating to a buy rating in a research report sent to investors on Friday, Briefing.com reports. They currently have $129.00 target price on the stock. A number of other research firms also recently commented on LCII. CL King raised […]

Northcoast Research upgraded shares of LCI Industries (NYSE:LCII) from a neutral rating to a buy rating in a research report sent to investors on Friday, Briefing.com reports. They currently have $129.00 target price on the stock.

A number of other research firms also recently commented on LCII. CL King raised their price objective on LCI Industries from $121.00 to $134.00 in a report on Wednesday, July 15th. CJS Securities upgraded shares of LCI Industries from a market perform rating to an outperform rating in a report on Tuesday. Finally, Citigroup boosted their price objective on shares of LCI Industries from $130.00 to $140.00 and gave the stock a neutral rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. LCI Industries presently has a consensus rating of Hold and a consensus target price of $114.86.

NYSE:LCII opened at $105.91 on Friday. The company has a market cap of $2.66 billion, a P/E ratio of 25.22 and a beta of 1.63. The firm’s 50 day moving average is $116.42 and its two-hundred day moving average is $100.17. LCI Industries has a fifty-two week low of $55.29 and a fifty-two week high of $131.71. The company has a quick ratio of 1.19, a current ratio of 2.25 and a debt-to-equity ratio of 0.83.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.40. LCI Industries had a return on equity of 13.89% and a net margin of 4.54%. The business had revenue of $525.80 million during the quarter, compared to the consensus estimate of $523.45 million. During the same period in the prior year, the firm posted $1.89 EPS. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. Research analysts forecast that LCI Industries will post 5.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Thursday, September 3rd. This is a boost from LCI Industries’s previous quarterly dividend of $0.65. LCI Industries’s dividend payout ratio is currently 51.37%.

In other LCI Industries news, EVP Nick C. Fletcher sold 1,818 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $127.66, for a total value of $232,085.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brendan Deely sold 6,250 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $127.37, for a total value of $796,062.50. Following the sale, the director now owns 11,053 shares of the company’s stock, valued at $1,407,820.61. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of LCII. Rockefeller Capital Management L.P. raised its position in shares of LCI Industries by 310.7% in the 1st quarter. Rockefeller Capital Management L.P. now owns 497 shares of the company’s stock valued at $33,000 after purchasing an additional 376 shares in the last quarter. Permanens Capital L.P. increased its stake in shares of LCI Industries by 72.7% in the first quarter. Permanens Capital L.P. now owns 950 shares of the company’s stock worth $63,000 after buying an additional 400 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in LCI Industries by 23.0% in the first quarter. Mutual of America Capital Management LLC now owns 1,107 shares of the company’s stock valued at $74,000 after acquiring an additional 207 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in LCI Industries in the second quarter valued at $79,000. Finally, Cullen Frost Bankers Inc. boosted its stake in LCI Industries by 37.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the company’s stock valued at $126,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

LCI Industries Company Profile

LCI Industries, together 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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