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

StockNews.com lowered shares of LCI Industries (NYSE:LCII) from a buy rating to a hold rating in a report issued on Saturday morning.

Other research analysts also recently issued reports about the company. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Wednesday. Truist Financial increased their target price on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $121.50.

LCI Industries Trading Up 0.9 %

LCII opened at $110.42 on Friday. The stock’s fifty day moving average is $106.00 and its two-hundred day moving average is $112.84. The company has a market capitalization of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.44. LCI Industries has a 52 week low of $96.18 and a 52 week high of $129.38. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. Analysts forecast that LCI Industries will post 5.51 earnings per share for the current year.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Trading of LCI Industries

A number of institutional investors have recently made changes to their positions in LCII. Norges Bank acquired a new stake in shares of LCI Industries in the 4th quarter worth $26,402,000. Royce & Associates LP boosted its position in shares of LCI Industries by 46.1% in the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after purchasing an additional 172,586 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after acquiring an additional 87,764 shares during the period. Bank of New York Mellon Corp lifted its position in LCI Industries by 29.2% during the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock worth $36,975,000 after acquiring an additional 80,784 shares during the period. Finally, Vanguard Group Inc. lifted its position in LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after acquiring an additional 56,794 shares during the period. 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.