LCI Industries (NYSE:LCII) Price Target Raised to $108.00

LCI Industries (NYSE:LCII) had its price objective raised by research analysts at Truist Financial from $100.00 to $108.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential downside of 10.80% from the stock’s current price.

Separately, Benchmark reiterated a “buy” rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $108.67.

LCI Industries Stock Down 2.1 %

Shares of NYSE LCII traded down $2.66 during trading hours on Friday, hitting $121.07. The company had a trading volume of 91,778 shares, compared to its average volume of 230,157. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $114.12 and its 200-day moving average is $110.75. The stock has a market capitalization of $3.08 billion, a P/E ratio of 32.90 and a beta of 1.41.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts expect that LCI Industries will post 6 earnings per share for the current fiscal year.

Institutional Trading of LCI Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its stake in LCI Industries by 532.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after purchasing an additional 314 shares during the period. LRI Investments LLC bought a new stake in shares of LCI Industries in the first quarter valued at about $46,000. Fidelis Capital Partners LLC acquired a new position in shares of LCI Industries in the first quarter valued at about $68,000. Point72 Asia Singapore Pte. Ltd. bought a new position in LCI Industries during the second quarter worth about $93,000. Finally, nVerses Capital LLC boosted its holdings 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 purchasing an additional 100 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.