LCI Industries (NYSE:LCII) Stock Rating Lowered by StockNews.com

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

A number of other analysts have also commented on LCII. CJS Securities raised LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Truist Financial upped their price target on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, LCI Industries currently has an average rating of “Hold” and a consensus target price of $121.50.

LCI Industries Stock Performance

Shares of LCII traded up $0.08 during mid-day trading on Monday, reaching $87.48. 430,685 shares of the company’s stock were exchanged, compared to its average volume of 258,735. The business’s fifty day simple moving average is $100.01 and its 200-day simple moving average is $109.11. The stock has a market capitalization of $2.23 billion, a PE ratio of 15.62 and a beta of 1.45. LCI Industries has a 52-week low of $85.67 and a 52-week high of $129.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03.

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

Institutional Trading of LCI Industries

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