LCI Industries (LCII) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of LCI Industries (NYSE:LCII) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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. “

A number of other equities research analysts have also weighed in on LCII. Robert W. Baird reissued a buy rating and set a $115.00 target price on shares of LCI Industries in a report on Thursday, September 28th. BidaskClub raised shares of LCI Industries from a hold rating to a buy rating in a report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. LCI Industries presently has an average rating of Buy and an average price target of $121.00.

LCI Industries (LCII) traded up $0.15 on Tuesday, reaching $126.90. 100,900 shares of the company’s stock were exchanged, compared to its average volume of 156,776. LCI Industries has a 52-week low of $86.25 and a 52-week high of $132.00. The company has a quick ratio of 1.03, a current ratio of 2.19 and a debt-to-equity ratio of 0.08. The company has a market cap of $3,190.00, a price-to-earnings ratio of 22.59 and a beta of 1.28.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, November 16th. LCI Industries’s dividend payout ratio is currently 39.22%.

In other news, insider Jamie Schnur sold 3,800 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $128.29, for a total value of $487,502.00. Following the sale, the insider now directly owns 3,829 shares of the company’s stock, valued at approximately $491,222.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jason Lippert sold 15,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $114.80, for a total transaction of $1,722,000.00. Following the completion of the sale, the chief executive officer now directly owns 164,744 shares in the company, valued at $18,912,611.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,697 shares of company stock worth $4,351,175. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP boosted its stake in LCI Industries by 214.9% during the third quarter. GSA Capital Partners LLP now owns 23,807 shares of the company’s stock worth $2,758,000 after acquiring an additional 16,246 shares in the last quarter. Cetera Advisors LLC bought a new position in LCI Industries during the third quarter worth $302,000. California Public Employees Retirement System boosted its stake in LCI Industries by 14.5% during the third quarter. California Public Employees Retirement System now owns 43,285 shares of the company’s stock worth $5,015,000 after acquiring an additional 5,485 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in LCI Industries during the third quarter worth $273,000. Finally, Highbridge Capital Management LLC bought a new position in LCI Industries during the third quarter worth $351,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

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