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

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

LCII has been the subject of several other reports. Raymond James initiated coverage on LCI Industries in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Truist Financial increased their price target on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LCI Industries currently has an average rating of “Hold” and an average target price of $112.20.

LCI Industries Stock Performance

Shares of LCII opened at $104.38 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The company’s fifty day moving average price is $115.44 and its 200 day moving average price is $113.08. The company has a market capitalization of $2.66 billion, a PE ratio of 20.31 and a beta of 1.41.

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

Insiders Place Their Bets

In other news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of LCI Industries

Several institutional investors have recently bought and sold shares of LCII. Blue Trust Inc. lifted its holdings in LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LCI Industries during the third quarter worth approximately $49,000. GAMMA Investing LLC raised its stake in shares of LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after acquiring an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of LCI Industries by 99.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in LCI Industries during the 2nd quarter worth approximately $93,000. 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.