LCI Industries (NYSE:LCII) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks.com reports.
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 research firms also recently issued reports on LCII. Truist Financial assumed coverage on shares of LCI Industries in a report on Thursday, July 15th. They set a "buy" rating and a $170.00 price objective on the stock. Truist Securities assumed coverage on shares of LCI Industries in a report on Thursday, July 15th. They set a "buy" rating and a $170.00 price objective on the stock. Finally, Truist assumed coverage on shares of LCI Industries in a report on Thursday, July 15th. They set a "buy" rating and a $170.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, LCI Industries currently has an average rating of "Buy" and a consensus target price of $161.00.
NYSE:LCII traded down $1.63 during mid-day trading on Tuesday, reaching $130.78. The company's stock had a trading volume of 149,905 shares, compared to its average volume of 163,775. LCI Industries has a 1 year low of $101.69 and a 1 year high of $156.61. The stock has a fifty day moving average of $140.19 and a 200-day moving average of $139.63. The firm has a market capitalization of $3.31 billion, a PE ratio of 12.80 and a beta of 1.63. The company has a quick ratio of 1.08, a current ratio of 2.21 and a debt-to-equity ratio of 0.96.
LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, August 3rd. The company reported $2.68 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.72 by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.04 billion. LCI Industries had a net margin of 6.99% and a return on equity of 27.86%. The business's quarterly revenue was up 108.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. On average, analysts expect that LCI Industries will post 10.58 earnings per share for the current year.
Several large investors have recently made changes to their positions in LCII. Victory Capital Management Inc. lifted its position in shares of LCI Industries by 99.4% during the 1st quarter. Victory Capital Management Inc. now owns 386,062 shares of the company's stock valued at $51,068,000 after buying an additional 192,402 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of LCI Industries by 15.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 14,657 shares of the company's stock valued at $1,939,000 after buying an additional 1,983 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in LCI Industries by 15.3% in the 1st quarter. Natixis Advisors L.P. now owns 16,745 shares of the company's stock valued at $2,214,000 after purchasing an additional 2,225 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in LCI Industries by 11.7% in the 1st quarter. Congress Asset Management Co. MA now owns 38,999 shares of the company's stock valued at $5,159,000 after purchasing an additional 4,085 shares in the last quarter. Finally, Shaker Investments LLC OH lifted its holdings in LCI Industries by 1.0% in the 1st quarter. Shaker Investments LLC OH now owns 8,157 shares of the company's stock valued at $1,079,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 98.02% of the company's stock.
About LCI Industries
LCI Industries engages in the manufacture, supply, and distribution of components for the original equipment manufacturers (OEM) of recreational vehicles and manufactured homes. It operates through the OEM and Aftermarket segments. The OEM segment offers components for buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing.
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