LCI Industries (NYSE:LCII) Upgraded at CJS Securities

CJS Securities upgraded shares of LCI Industries (NYSE:LCII) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm currently has $145.00 price target on the stock.

Several other equities analysts have also issued reports on LCII. Truist Financial upped their price target on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.20.

LCI Industries Price Performance

Shares of LCII stock opened at $109.12 on Wednesday. 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 has a 52 week low of $96.18 and a 52 week high of $129.38. The stock has a market capitalization of $2.78 billion, a PE ratio of 21.23 and a beta of 1.44. The stock’s fifty day moving average is $106.31 and its 200-day moving average is $112.93.

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

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On LCI Industries

Hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of LCI Industries during the fourth quarter worth about $26,402,000. Royce & Associates LP grew its holdings in shares of LCI Industries by 46.1% during the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after buying an additional 172,586 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of LCI Industries by 29.2% during the fourth quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock worth $36,975,000 after buying an additional 80,784 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after buying an additional 56,794 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of LCI Industries by 6.1% during the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock worth $76,202,000 after buying an additional 36,487 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.