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

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

Other equities analysts also recently issued research reports about the company. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Wednesday, February 12th. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, LCI Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

LCI Industries Trading Down 1.7 %

LCII stock traded down $1.50 during midday trading on Tuesday, reaching $88.19. The company’s stock had a trading volume of 334,456 shares, compared to its average volume of 237,142. LCI Industries has a 1 year low of $86.56 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The stock has a fifty day simple moving average of $102.60 and a two-hundred day simple moving average of $110.64. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 15.75 and a beta of 1.45.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, equities research analysts predict that LCI Industries will post 6.76 EPS for the current year.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently added to or reduced their stakes in LCII. Crossmark Global Holdings Inc. acquired a new stake in LCI Industries in the third quarter worth about $219,000. Natixis Advisors LLC boosted its holdings in LCI Industries by 7.9% in the third quarter. Natixis Advisors LLC now owns 58,710 shares of the company’s stock worth $7,077,000 after acquiring an additional 4,318 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in LCI Industries by 119.5% in the third quarter. Thrivent Financial for Lutherans now owns 46,377 shares of the company’s stock worth $5,591,000 after acquiring an additional 25,250 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in LCI Industries in the third quarter worth about $785,000. Finally, Intech Investment Management LLC boosted its holdings in LCI Industries by 133.7% in the third quarter. Intech Investment Management LLC now owns 9,889 shares of the company’s stock worth $1,192,000 after acquiring an additional 5,657 shares in the last quarter. Institutional investors and hedge funds 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.