StockNews.com Upgrades LCI Industries (NYSE:LCII) to Buy

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

Several other brokerages also recently weighed in on LCII. Benchmark reaffirmed a “buy” rating and set a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Truist Financial upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, LCI Industries has an average rating of “Hold” and an average price target of $108.67.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $121.19 on Monday. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 32.86 and a beta of 1.41. The company has a 50-day simple moving average of $115.12 and a 200-day simple moving average of $110.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 2.82.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $1.31 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that LCI Industries will post 6.01 EPS for the current year.

Hedge Funds Weigh In On LCI Industries

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after acquiring an additional 97,877 shares during the period. Dimensional Fund Advisors LP boosted its position in LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock worth $114,945,000 after purchasing an additional 62,354 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in LCI Industries in the second quarter valued at $2,454,000. Pembroke Management LTD increased its position in shares of LCI Industries by 50.8% in the first quarter. Pembroke Management LTD now owns 54,006 shares of the company’s stock valued at $6,646,000 after buying an additional 18,194 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of LCI Industries by 16.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 128,896 shares of the company’s stock worth $13,325,000 after buying an additional 17,845 shares during the last quarter. Hedge funds and other 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.