LCI Industries (NYSE:LCII) Now Covered by Raymond James

Stock analysts at Raymond James started coverage on shares of LCI Industries (NYSE:LCII) in a research note issued on Tuesday, Briefing.com reports. The firm set a “market perform” rating on the stock.

Several other research analysts have also recently commented on the stock. Truist Financial upped their target price on shares of 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 set a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $108.67.

LCI Industries Stock Performance

Shares of NYSE LCII opened at $120.54 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. The firm’s 50-day moving average price is $114.93 and its two-hundred day moving average price is $110.73. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The stock has a market capitalization of $3.07 billion, a P/E ratio of 32.76 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 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. As a group, sell-side analysts forecast that LCI Industries will post 6.01 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. boosted its position in LCI Industries by 532.2% during the first 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 last quarter. LRI Investments LLC bought a new stake in LCI Industries in the 1st quarter valued at $46,000. Fidelis Capital Partners LLC acquired a new position in LCI Industries in the 1st quarter valued at $68,000. Point72 Asia Singapore Pte. Ltd. bought a new position in LCI Industries during the 2nd quarter worth $93,000. Finally, nVerses Capital LLC lifted its holdings in shares of LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.