LCI Industries (NYSE:LCII) Stock Rating Upgraded by StockNews.com

LCI Industries (NYSE:LCII) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other brokerages have also weighed in on LCII. Truist Financial increased their target price on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $108.67.

LCI Industries Stock Up 0.4 %

Shares of LCII traded up $0.50 during trading on Monday, reaching $120.54. The company’s stock had a trading volume of 152,096 shares, compared to its average volume of 231,920. The company has a fifty day moving average of $114.93 and a two-hundred day moving average of $110.73. LCI Industries has a twelve month low of $96.18 and a twelve month high of $131.36. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 32.76 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts predict that LCI Industries will post 6.01 EPS for the current fiscal year.

Institutional Investors Weigh In On LCI Industries

A number of institutional investors have recently bought and sold shares of LCII. Steward Partners Investment Advisory LLC lifted its holdings in LCI Industries by 15.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,720 shares of the company’s stock worth $342,000 after purchasing an additional 360 shares during the last quarter. Stifel Financial Corp lifted its holdings in LCI Industries by 6.0% in the 4th quarter. Stifel Financial Corp now owns 81,279 shares of the company’s stock worth $10,218,000 after purchasing an additional 4,595 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in LCI Industries in the 4th quarter worth approximately $894,000. Quadrature Capital Ltd bought a new position in LCI Industries in the 4th quarter worth approximately $901,000. Finally, Optimist Retirement Group LLC bought a new position in LCI Industries in the 4th quarter worth approximately $260,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.