LCI Industries (NYSE:LCII) Coverage Initiated at MKM Partners

Equities research analysts at MKM Partners assumed coverage on shares of LCI Industries (NYSE:LCIIGet Rating) in a research note issued on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $153.00 price target on the stock. MKM Partners’ price objective points to a potential upside of 37.47% from the company’s current price.

LCII has been the topic of several other research reports. DA Davidson initiated coverage on shares of LCI Industries in a research note on Wednesday, April 13th. They set a “buy” rating and a $130.00 target price on the stock. StockNews.com initiated coverage on shares of LCI Industries in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial lowered their target price on shares of LCI Industries from $175.00 to $165.00 in a research note on Wednesday, March 2nd. Finally, Zacks Investment Research lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, LCI Industries has a consensus rating of “Buy” and a consensus price target of $152.00.

Shares of LCI Industries stock opened at $111.30 on Thursday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 9.84 and a beta of 1.45. The firm’s 50-day moving average is $110.73 and its 200 day moving average is $131.57. LCI Industries has a 1 year low of $96.32 and a 1 year high of $163.33. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.50 and a quick ratio of 0.75.

LCI Industries (NYSE:LCIIGet Rating) last posted its earnings results on Thursday, February 10th. The company reported $3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.79 by $0.43. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.12 billion. LCI Industries had a net margin of 6.43% and a return on equity of 28.34%. The business’s revenue for the quarter was up 55.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.92 EPS. On average, equities analysts expect that LCI Industries will post 14.76 EPS for the current fiscal year.

In related news, Director Kieran M. O’sullivan acquired 5,000 shares of the business’s stock in a transaction on Tuesday, March 8th. The stock was acquired at an average cost of $112.00 per share, with a total value of $560,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Gero acquired 10,000 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were bought at an average cost of $105.52 per share, with a total value of $1,055,200.00. The disclosure for this purchase can be found here. Insiders purchased a total of 27,515 shares of company stock valued at $2,966,138 over the last three months. 3.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of LCI Industries by 2,151.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,770 shares of the company’s stock valued at $199,791,000 after acquiring an additional 1,224,836 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of LCI Industries by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 684,403 shares of the company’s stock worth $92,144,000 after purchasing an additional 9,822 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of LCI Industries by 1.8% during the fourth quarter. Victory Capital Management Inc. now owns 669,782 shares of the company’s stock worth $104,399,000 after purchasing an additional 11,845 shares during the last quarter. Jarislowsky Fraser Ltd increased its stake in shares of LCI Industries by 13.2% during the fourth quarter. Jarislowsky Fraser Ltd now owns 617,535 shares of the company’s stock valued at $96,255,000 after buying an additional 72,043 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of LCI Industries by 26.4% during the third quarter. Bank of New York Mellon Corp now owns 458,929 shares of the company’s stock valued at $61,785,000 after buying an additional 95,795 shares during the period. 97.77% of the stock is owned by institutional investors and hedge funds.

About LCI Industries (Get Rating)

LCI Industries, together 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 and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.

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