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

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

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

LCI Industries Price Performance

NYSE:LCII traded up $0.50 during trading hours on Monday, reaching $120.54. The company had a trading volume of 152,096 shares, compared to its average volume of 231,920. The stock has a 50-day moving average of $114.93 and a two-hundred day moving average of $110.73. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The firm has a market capitalization of $3.07 billion, a PE 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 announced its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $1.31 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Analysts forecast that LCI Industries will post 6.01 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its holdings in LCI Industries by 15.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,720 shares of the company’s stock valued at $342,000 after purchasing an additional 360 shares during the last quarter. Stifel Financial Corp grew its stake in LCI Industries by 6.0% in the 4th quarter. Stifel Financial Corp now owns 81,279 shares of the company’s stock valued at $10,218,000 after buying an additional 4,595 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in LCI Industries in the 4th quarter valued at about $894,000. Quadrature Capital Ltd acquired a new position in LCI Industries in the 4th quarter valued at about $901,000. Finally, Optimist Retirement Group LLC acquired a new position in LCI Industries in the 4th quarter valued at about $260,000. 99.71% of the stock is currently owned by institutional investors.

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.