LCI Industries (NYSE:LCII) Issues Earnings Results

LCI Industries (NYSE:LCII) announced its quarterly earnings results on Tuesday. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06, Zacks reports. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%.

LCI Industries Price Performance

Shares of NYSE LCII opened at $109.12 on Thursday. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $106.31 and a 200 day moving average price of $112.93. The firm has a market cap of $2.78 billion, a PE ratio of 21.23 and a beta of 1.44.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, LCI Industries has a consensus rating of “Moderate Buy” and a consensus target price of $121.20.

Insider Activity

In related news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.