LCI Industries (NYSE:LCII) Price Target Cut to $80.00 by Analysts at Truist Financial

LCI Industries (NYSE:LCII) had its target price decreased by investment analysts at Truist Financial from $108.00 to $80.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price points to a potential upside of 3.89% from the stock’s current price.

LCII has been the topic of several other reports. Baird R W lowered shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price objective (down previously from $130.00) on shares of LCI Industries in a research note on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $111.60.

LCI Industries Price Performance

Shares of NYSE:LCII opened at $77.00 on Monday. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The business’s 50 day simple moving average is $94.57 and its 200-day simple moving average is $106.19. LCI Industries has a 12 month low of $72.31 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, equities analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LCI Industries

Large investors have recently modified their holdings of the company. Impact Capital Partners LLC increased its position in shares of LCI Industries by 19.4% in the first quarter. Impact Capital Partners LLC now owns 4,256 shares of the company’s stock worth $372,000 after acquiring an additional 691 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of LCI Industries by 5,676.2% in the first quarter. GAMMA Investing LLC now owns 28,939 shares of the company’s stock worth $2,530,000 after buying an additional 28,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of LCI Industries by 17.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,145 shares of the company’s stock valued at $7,149,000 after purchasing an additional 10,498 shares in the last quarter. Sovereign s Capital Management LLC acquired a new stake in LCI Industries during the fourth quarter valued at approximately $3,152,000. Finally, Twinbeech Capital LP acquired a new stake in shares of LCI Industries during the 4th quarter valued at approximately $5,065,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.