LCI Industries (NYSE:LCII) Raised to Buy 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 Saturday.

A number of other equities research analysts have also recently commented on the company. Raymond James assumed coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Truist Financial increased their price objective on shares of LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Trading Up 2.6 %

Shares of NYSE LCII opened at $104.24 on Friday. LCI Industries has a 1 year low of $96.18 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The firm has a 50-day moving average of $113.53 and a 200 day moving average of $113.03. The stock has a market cap of $2.65 billion, a P/E ratio of 20.28 and a beta of 1.41.

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

Insider Buying and Selling

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 transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LCII. Blue Trust Inc. increased its position in shares of 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 bought a new stake in LCI Industries during the third quarter valued at approximately $49,000. GAMMA Investing LLC increased its holdings in LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after buying an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock worth $77,000 after acquiring an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of LCI Industries during the 2nd quarter worth $93,000. Institutional investors 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.