StockNews.com Downgrades LCI Industries (NYSE:LCII) to Hold

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

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

LCI Industries Trading Up 0.7 %

Shares of LCII stock opened at $118.15 on Tuesday. LCI Industries has a 12-month low of $96.18 and a 12-month 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 business has a 50-day moving average price of $115.82 and a two-hundred day moving average price of $111.10. The firm has a market cap of $3.01 billion, a P/E ratio of 32.11 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, topping the consensus estimate of $2.16 by $0.24. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.31 earnings per share. Equities analysts anticipate that LCI Industries will post 6.01 EPS for the current fiscal year.

Hedge Funds Weigh In On LCI Industries

Several large investors have recently made changes to their positions in LCII. UniSuper Management Pty Ltd bought a new stake in LCI Industries in the first quarter worth $732,000. Comerica Bank boosted its position in shares of LCI Industries by 24.1% during the first quarter. Comerica Bank now owns 31,784 shares of the company’s stock valued at $3,911,000 after buying an additional 6,174 shares during the last quarter. Quadrature Capital Ltd increased its holdings in LCI Industries by 76.7% in the 1st quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock worth $1,558,000 after buying an additional 5,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of LCI Industries by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after purchasing an additional 15,670 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in LCI Industries in the second quarter worth approximately $438,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.