LCI Industries (NYSE:LCII) Rating Lowered to Hold at StockNews.com

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

LCII has been the topic of several other research reports. Raymond James initiated coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Truist Financial lowered their target price on shares of LCI Industries from $108.00 to $102.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, LCI Industries presently has a consensus rating of “Hold” and a consensus price target of $111.00.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $100.04 on Friday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 19.46 and a beta of 1.41. LCI Industries has a 1 year low of $96.18 and a 1 year high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $112.06 and a 200 day simple moving average of $113.24.

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

Insider Activity

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at $47,016,270. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LCII. Intech Investment Management LLC acquired a new position in shares of LCI Industries in the 2nd quarter valued at $438,000. Charles Schwab Investment Management Inc. raised its position in LCI Industries by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock worth $49,575,000 after purchasing an additional 29,192 shares in the last quarter. International Assets Investment Management LLC raised its position in LCI Industries by 5,533.7% in the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after purchasing an additional 10,182 shares in the last quarter. MML Investors Services LLC bought a new position in LCI Industries during the third quarter worth about $260,000. Finally, Blue Trust Inc. boosted its holdings in LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after purchasing an additional 361 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

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.