Zacks Research Downgrades LCI Industries (NYSE:LCII) to Hold
by Renee Jackson · The Cerbat GemLCI Industries (NYSE:LCII – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.
A number of other analysts have also commented on LCII. Wall Street Zen lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Robert W. Baird set a $150.00 price target on LCI Industries in a research report on Thursday, February 19th. BMO Capital Markets reissued a “market perform” rating and set a $155.00 price target on shares of LCI Industries in a research report on Wednesday, February 18th. Truist Financial dropped their price target on LCI Industries from $147.00 to $135.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Finally, Loop Capital reissued a “hold” rating and set a $149.00 price target on shares of LCI Industries in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.29.
Get Our Latest Analysis on LCI Industries
LCI Industries Trading Down 0.5%
LCII stock traded down $0.57 during mid-day trading on Monday, reaching $120.60. 44,686 shares of the stock traded hands, compared to its average volume of 368,647. The company has a current ratio of 2.85, a quick ratio of 1.14 and a debt-to-equity ratio of 0.69. LCI Industries has a 52-week low of $75.41 and a 52-week high of $159.66. The company has a market cap of $2.93 billion, a P/E ratio of 15.97 and a beta of 1.35. The stock’s fifty day moving average is $130.44 and its 200-day moving average is $122.33.
LCI Industries (NYSE:LCII – Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.20. LCI Industries had a net margin of 4.57% and a return on equity of 13.55%. The company had revenue of $932.70 million during the quarter, compared to analyst estimates of $913.04 million. During the same period in the prior year, the firm earned $0.37 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-9.25 EPS. As a group, sell-side analysts expect that LCI Industries will post 8.78 earnings per share for the current year.
Insider Activity at LCI Industries
In related news, insider Ryan Richard Smith sold 20,000 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $147.81, for a total transaction of $2,956,200.00. Following the transaction, the insider directly owned 10,092 shares of the company’s stock, valued at approximately $1,491,698.52. The trade was a 66.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Lippert sold 30,000 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $145.03, for a total value of $4,350,900.00. Following the transaction, the chief executive officer directly owned 344,973 shares in the company, valued at $50,031,434.19. The trade was a 8.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 90,000 shares of company stock valued at $13,137,900. Company insiders own 3.30% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in LCI Industries by 174.5% in the third quarter. Teacher Retirement System of Texas now owns 32,624 shares of the company’s stock valued at $3,039,000 after purchasing an additional 20,741 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in LCI Industries by 424.5% in the third quarter. Campbell & CO Investment Adviser LLC now owns 47,423 shares of the company’s stock valued at $4,417,000 after purchasing an additional 38,381 shares in the last quarter. New York State Common Retirement Fund grew its stake in LCI Industries by 563.9% in the third quarter. New York State Common Retirement Fund now owns 51,846 shares of the company’s stock valued at $4,829,000 after purchasing an additional 44,037 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in LCI Industries in the third quarter valued at about $2,440,000. Finally, American Century Companies Inc. grew its stake in LCI Industries by 7.4% in the third quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock valued at $81,083,000 after purchasing an additional 59,734 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
LCI Industries Company Profile
LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.
The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.