StockNews.com Upgrades LCI Industries (NYSE:LCII) to “Buy”

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

LCII has been the subject of a number of other reports. Truist Financial lifted their target price on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $108.67.

LCI Industries Stock Performance

NYSE LCII opened at $121.19 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. The company has a market cap of $3.08 billion, a P/E ratio of 32.86 and a beta of 1.41. The stock has a 50-day moving average of $115.12 and a two-hundred day moving average of $110.83. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 earnings per share. As a group, analysts anticipate that LCI Industries will post 6.01 EPS for the current year.

Hedge Funds Weigh In On LCI Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. boosted its stake in LCI Industries by 532.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after acquiring an additional 314 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of LCI Industries in the 1st quarter valued at about $46,000. Fidelis Capital Partners LLC purchased a new position in LCI Industries during the 1st quarter worth approximately $68,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in LCI Industries during the second quarter worth approximately $93,000. Finally, nVerses Capital LLC increased its position in LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock worth $145,000 after buying an additional 100 shares during the period. 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.