LCI Industries (NYSE:LCII) Rating Lowered to Hold at StockNews.com

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

LCII has been the topic of a number of other research reports. Benchmark restated a “buy” rating and set a $130.00 price target on shares of LCI Industries in a research note on Wednesday, August 7th. Truist Financial lifted their target price on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, Raymond James initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.20.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $116.90 on Tuesday. 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 has a 52 week low of $96.18 and a 52 week high of $131.36. The firm’s 50 day moving average is $115.77 and its two-hundred day moving average is $111.05. The firm has a market capitalization of $2.98 billion, a P/E ratio of 31.77 and a beta of 1.41.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.24. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business posted $1.31 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Research analysts forecast that LCI Industries will post 6.01 EPS for the current fiscal year.

Hedge Funds Weigh In On LCI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of LCII. Mercer Global Advisors Inc. ADV increased its holdings in LCI Industries by 4.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock valued at $232,000 after acquiring an additional 90 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of LCI Industries by 2.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock worth $554,000 after purchasing an additional 92 shares during the last quarter. nVerses Capital LLC lifted its stake in LCI Industries by 7.7% in the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after buying an additional 100 shares in the last quarter. HM Payson & Co. grew its holdings in LCI Industries by 6.4% during the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after buying an additional 105 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in LCI Industries by 2.6% during the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock worth $417,000 after buying an additional 105 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About LCI Industries

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.