LCI Industries (LCII) Downgraded to “Sell” at ValuEngine

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ValuEngine lowered shares of LCI Industries (NYSE:LCII) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other research analysts also recently weighed in on the company. Citigroup lowered their price target on LCI Industries from $131.00 to $112.00 and set a buy rating on the stock in a report on Tuesday. Zacks Investment Research downgraded LCI Industries from a hold rating to a strong sell rating in a report on Wednesday, May 9th. Robert W. Baird lowered their price target on LCI Industries to $135.00 and set an outperform rating on the stock in a report on Monday, May 7th. Finally, Northcoast Research upgraded LCI Industries from a sell rating to a neutral rating and set a $94.00 price target on the stock in a report on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. LCI Industries has a consensus rating of Hold and an average target price of $118.75.

Shares of LCI Industries opened at $93.20 on Friday, Marketbeat Ratings reports. LCI Industries has a 1-year low of $80.95 and a 1-year high of $132.73. The company has a current ratio of 2.63, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.40 billion, a PE ratio of 16.18 and a beta of 1.01.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Friday, May 4th. The company reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.09). LCI Industries had a net margin of 5.96% and a return on equity of 23.14%. The business had revenue of $650.00 million for the quarter, compared to analysts’ expectations of $655.29 million. During the same quarter in the prior year, the firm posted $1.71 EPS. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. equities research analysts anticipate that LCI Industries will post 7.53 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Monday, June 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.58%. This is an increase from LCI Industries’s previous quarterly dividend of $0.55. LCI Industries’s payout ratio is 41.67%.

In other news, CEO Jason Lippert bought 6,000 shares of the stock in a transaction on Monday, June 4th. The shares were purchased at an average price of $83.83 per share, for a total transaction of $502,980.00. Following the completion of the purchase, the chief executive officer now directly owns 213,022 shares of the company’s stock, valued at approximately $17,857,634.26. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director James Gero bought 10,000 shares of the stock in a transaction on Monday, March 26th. The stock was purchased at an average price of $102.09 per share, for a total transaction of $1,020,900.00. Following the purchase, the director now directly owns 252,049 shares of the company’s stock, valued at $25,731,682.41. The disclosure for this purchase can be found here. Insiders acquired 32,000 shares of company stock worth $2,934,380 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LCII. YorkBridge Wealth Partners LLC boosted its stake in shares of LCI Industries by 478.7% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the company’s stock worth $114,000 after acquiring an additional 900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LCI Industries by 104.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock worth $186,000 after acquiring an additional 730 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of LCI Industries by 201.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,632 shares of the company’s stock worth $211,000 after acquiring an additional 1,091 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of LCI Industries during the 1st quarter worth about $227,000. Finally, Pitcairn Co. boosted its stake in shares of LCI Industries by 45.1% during the 1st quarter. Pitcairn Co. now owns 2,337 shares of the company’s stock worth $244,000 after acquiring an additional 726 shares in the last quarter. Institutional investors own 95.78% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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