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

StockNews.com downgraded shares of LCI Industries (NYSE:LCII) from a buy rating to a hold rating in a research note released on Saturday.

Other equities analysts have also issued research reports about the company. Truist Financial lifted their price objective on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $121.50.

LCI Industries Stock Performance

Shares of LCII opened at $110.42 on Friday. The stock has a 50-day moving average of $106.00 and a two-hundred day moving average of $112.84. The stock has a market cap of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.44. LCI Industries has a one year low of $96.18 and a one year high of $129.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. As a group, research analysts predict that LCI Industries will post 5.51 EPS for the current year.

Insider Activity at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction dated 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. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently bought and sold shares of LCII. Strategic Financial Concepts LLC acquired a new stake in LCI Industries in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC boosted its holdings in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after buying an additional 247 shares during the last quarter. Blue Trust Inc. boosted its holdings in LCI Industries by 1,289.3% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LCI Industries during the 3rd quarter worth approximately $49,000. Finally, Headlands Technologies LLC acquired a new position in shares of LCI Industries during the 4th quarter worth approximately $59,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.