LCI Industries’ (LCII) “Buy” Rating Reaffirmed at Robert W. Baird

Robert W. Baird reaffirmed their buy rating on shares of LCI Industries (NYSE:LCII) in a report released on Friday. The firm currently has a $135.00 target price on the stock.

Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of LCI Industries from a hold rating to a sell rating in a research note on Tuesday, November 7th. BidaskClub upgraded shares of LCI Industries from a buy rating to a strong-buy rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $119.00.

Shares of LCI Industries (LCII) opened at $128.85 on Friday. The firm has a market cap of $3,230.00, a PE ratio of 22.97 and a beta of 1.28. LCI Industries has a 12 month low of $86.25 and a 12 month high of $132.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 2.19.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Thursday, November 16th. LCI Industries’s dividend payout ratio (DPR) is presently 39.22%.

In other LCI Industries news, President Scott T. Mereness bought 1,500 shares of LCI Industries stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $114.00 per share, for a total transaction of $171,000.00. Following the completion of the acquisition, the president now owns 207,824 shares of the company’s stock, valued at approximately $23,691,936. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jamie Schnur sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $115.46, for a total transaction of $127,006.00. Following the sale, the insider now owns 6,347 shares of the company’s stock, valued at $732,824.62. The disclosure for this sale can be found here. Insiders sold 36,697 shares of company stock valued at $4,351,175 over the last quarter. Insiders own 3.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its stake in LCI Industries by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,656,911 shares of the company’s stock worth $169,668,000 after purchasing an additional 13,647 shares during the period. Intrust Bank NA lifted its position in LCI Industries by 20.3% in the 2nd quarter. Intrust Bank NA now owns 2,811 shares of the company’s stock worth $288,000 after buying an additional 475 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in LCI Industries in the 2nd quarter worth approximately $202,000. Sei Investments Co. lifted its position in LCI Industries by 2,623.4% in the 2nd quarter. Sei Investments Co. now owns 11,983 shares of the company’s stock worth $1,228,000 after buying an additional 11,543 shares in the last quarter. Finally, Aperio Group LLC lifted its position in LCI Industries by 20.6% in the 3rd quarter. Aperio Group LLC now owns 8,188 shares of the company’s stock worth $949,000 after buying an additional 1,398 shares in the last quarter. 97.69% of the stock is owned by hedge funds and other institutional investors.

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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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