LCI Industries (NYSE:LCII) Upgraded at StockNews.com

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

A number of other brokerages have also weighed in on LCII. Truist Financial increased their price target 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 began coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $112.20.

LCI Industries Price Performance

LCI Industries stock traded up $0.50 during midday trading on Wednesday, reaching $103.66. 73,417 shares of the company were exchanged, compared to its average volume of 228,688. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 20.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. The firm’s 50-day simple moving average is $115.84 and its 200-day simple moving average is $113.15. LCI Industries has a 1 year low of $96.18 and a 1 year high of $131.36.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 earnings per share. On average, analysts anticipate that LCI Industries will post 5.51 EPS for the current year.

Insider Buying and Selling

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On LCI Industries

A number of hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in shares of LCI Industries during the 2nd quarter valued at about $539,000. Commonwealth Equity Services LLC raised its stake in shares of LCI Industries by 9.9% during the second quarter. Commonwealth Equity Services LLC now owns 3,574 shares of the company’s stock valued at $370,000 after purchasing an additional 322 shares during the period. nVerses Capital LLC lifted its position 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 purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of LCI Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after purchasing an additional 130 shares during the period. Finally, Quest Partners LLC boosted its stake in shares of LCI Industries by 233.4% in the second quarter. Quest Partners LLC now owns 4,154 shares of the company’s stock valued at $429,000 after purchasing an additional 2,908 shares during the period. Hedge funds and other institutional investors 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.