Citigroup Trims LCI Industries (NYSE:LCII) Target Price to $112.00

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LCI Industries (NYSE:LCII) had its price objective decreased by research analysts at Citigroup from $131.00 to $112.00 in a report issued on Tuesday, June 19th. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 24.24% from the company’s previous close.

Several other research analysts have also issued reports on LCII. ValuEngine lowered shares of LCI Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. Robert W. Baird dropped their price objective on shares of LCI Industries to $135.00 and set an “outperform” rating for the company in a report on Monday, May 7th. Northcoast Research raised shares of LCI Industries from a “sell” rating to a “neutral” rating and set a $94.00 price objective for the company in a report on Wednesday, May 2nd. Finally, Zacks Investment Research lowered shares of LCI Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. LCI Industries currently has an average rating of “Hold” and a consensus target price of $118.75.

LCI Industries opened at $90.15 on Tuesday, MarketBeat reports. LCI Industries has a 12-month low of $80.95 and a 12-month high of $132.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.63 and a quick ratio of 1.07. The stock has a market capitalization of $2.31 billion, a P/E ratio of 15.65 and a beta of 1.01.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Friday, May 4th. The company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.95 by ($0.09). LCI Industries had a return on equity of 23.14% and a net margin of 5.96%. The business had revenue of $650.00 million during the quarter, compared to analyst estimates of $655.29 million. During the same period last year, the company earned $1.71 EPS. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. equities analysts predict that LCI Industries will post 7.53 EPS for the current fiscal year.

In related news, Director Virginia Henkels purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The shares were acquired at an average cost of $88.55 per share, with a total value of $177,100.00. Following the completion of the purchase, the director now directly owns 3,156 shares of the company’s stock, valued at $279,463.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Gero purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were bought at an average cost of $89.34 per share, for a total transaction of $893,400.00. Following the completion of the purchase, the director now directly owns 260,473 shares of the company’s stock, valued at $23,270,657.82. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 22,000 shares of company stock valued at $1,913,480. Company 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. Schwab Charles Investment Management Inc. grew its stake in shares of LCI Industries by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 157,867 shares of the company’s stock valued at $20,523,000 after purchasing an additional 7,988 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of LCI Industries by 104.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,429 shares of the company’s stock valued at $186,000 after purchasing an additional 730 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in shares of LCI Industries during the fourth quarter valued at approximately $170,000. Teacher Retirement System of Texas grew its stake in shares of LCI Industries by 317.7% during the fourth quarter. Teacher Retirement System of Texas now owns 8,541 shares of the company’s stock valued at $1,110,000 after purchasing an additional 6,496 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of LCI Industries by 18.6% during the fourth quarter. M&T Bank Corp now owns 3,498 shares of the company’s stock valued at $454,000 after purchasing an additional 548 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Company Profile

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.

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