LCI Industries (NYSE:LCII) Price Target Increased to $108.00 by Analysts at Truist Financial

LCI Industries (NYSE:LCII) had its price objective upped by research analysts at Truist Financial from $100.00 to $108.00 in a report issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential downside of 10.80% from the stock’s previous close.

Separately, Benchmark reissued a “buy” rating and issued a $130.00 price target on shares of LCI Industries in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.67.

LCI Industries Price Performance

LCII traded down $2.66 during trading on Friday, hitting $121.07. The company’s stock had a trading volume of 91,778 shares, compared to its average volume of 230,157. The company has a quick ratio of 1.23, a current ratio of 2.82 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 32.90 and a beta of 1.41. The firm’s 50 day moving average price is $114.12 and its two-hundred day moving average price is $110.75. LCI Industries has a 12 month low of $96.18 and a 12 month high of $131.36.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.24. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 EPS. Sell-side analysts forecast that LCI Industries will post 6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LCI Industries

A number of institutional investors have recently made changes to their positions in the stock. UniSuper Management Pty Ltd bought a new position in shares of LCI Industries during the first quarter worth $732,000. Comerica Bank increased its holdings in shares of LCI Industries by 24.1% in the first quarter. Comerica Bank now owns 31,784 shares of the company’s stock worth $3,911,000 after acquiring an additional 6,174 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in LCI Industries by 76.7% during the first quarter. Quadrature Capital Ltd now owns 12,672 shares of the company’s stock worth $1,558,000 after purchasing an additional 5,500 shares during the last quarter. Vanguard Group Inc. grew its position in LCI Industries by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,800,882 shares of the company’s stock valued at $344,677,000 after purchasing an additional 15,670 shares in the last quarter. Finally, Norges Bank acquired a new stake in LCI Industries in the 4th quarter valued at $33,784,000. 99.71% of the stock is owned by institutional investors and hedge funds.

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.