LCI Industries (NASDAQ:LCII) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday, October 27th.
A number of other analysts have also commented on the company. Zacks Investment Research raised LCI Industries from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Wednesday, July 5th. Robert W. Baird reissued a “buy” rating and issued a $115.00 target price on shares of LCI Industries in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $114.67.
LCI Industries (NASDAQ:LCII) traded down $0.40 during trading on Friday, hitting $115.05. The company’s stock had a trading volume of 99,498 shares, compared to its average volume of 158,824. LCI Industries has a twelve month low of $86.25 and a twelve month high of $129.20.
ILLEGAL ACTIVITY NOTICE: “LCI Industries (LCII) Raised to “Strong-Buy” at BidaskClub” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://stocknewstimes.com/2017/11/11/lci-industries-lcii-stock-rating-upgraded-by-bidaskclub.html.
In related news, CEO Jason Lippert sold 15,000 shares of LCI Industries stock in a transaction on Friday, September 29th. The stock was sold at an average price of $114.80, for a total value of $1,722,000.00. Following the completion of the sale, the chief executive officer now owns 164,744 shares of the company’s stock, valued at $18,912,611.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jamie Schnur sold 1,100 shares of LCI Industries stock in a transaction on Friday, September 29th. The stock was sold at an average price of $115.46, for a total value of $127,006.00. Following the completion of the sale, the insider now directly owns 6,347 shares of the company’s stock, valued at approximately $732,824.62. The disclosure for this sale can be found here. Insiders sold 25,210 shares of company stock valued at $2,886,934 in the last ninety days.
Several institutional investors and hedge funds have recently modified their holdings of LCII. Epoch Investment Partners Inc. bought a new stake in shares of LCI Industries in the second quarter worth $42,453,000. Royal Bank of Canada grew its holdings in shares of LCI Industries by 65.4% in the second quarter. Royal Bank of Canada now owns 826,484 shares of the company’s stock worth $84,633,000 after acquiring an additional 326,926 shares during the period. Marshall Wace North America L.P. grew its holdings in shares of LCI Industries by 64.1% in the second quarter. Marshall Wace North America L.P. now owns 274,898 shares of the company’s stock worth $28,039,000 after acquiring an additional 107,336 shares during the period. Victory Capital Management Inc. grew its holdings in shares of LCI Industries by 30.8% in the second quarter. Victory Capital Management Inc. now owns 397,152 shares of the company’s stock worth $40,668,000 after acquiring an additional 93,465 shares during the period. Finally, Rice Hall James & Associates LLC grew its holdings in shares of LCI Industries by 42.2% in the second quarter. Rice Hall James & Associates LLC now owns 300,416 shares of the company’s stock worth $30,763,000 after acquiring an additional 89,189 shares during the period.
LCI Industries Company Profile
LCI Industries, formerly Drew Industries Incorporated, through its subsidiary, Lippert Components, Inc and its subsidiaries (LCI), supplies an array of components for the original equipment manufacturers (OEMs) of recreational vehicles (RVs) and adjacent industries. The Company’s segments include OEM Segment and Aftermarket Segment.
Receive News & Ratings for LCI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LCI Industries and related companies with MarketBeat.com's FREE daily email newsletter.