LCI Industries (NYSE:LCII) Stock Price Up 4.9% on Better-Than-Expected Earnings

LCI Industries (NYSE:LCII) rose 4.9% during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $107.85 and last traded at $106.99. Approximately 88,733 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 233,382 shares. The stock had previously closed at $101.98.

The company reported $0.37 EPS 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%.

Analyst Ratings Changes

A number of brokerages recently commented on LCII. CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Wednesday. StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Truist Financial increased their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, LCI Industries presently has an average rating of “Moderate Buy” and a consensus target price of $121.20.

Insider Transactions at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on 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 directly 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 filing with the SEC, which is available at the SEC website. Insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently modified their holdings of LCII. GAMMA Investing LLC boosted its position in shares of LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after buying an additional 272 shares during the last quarter. Creative Planning boosted its position in LCI Industries by 110.8% in the third quarter. Creative Planning now owns 5,761 shares of the company’s stock worth $694,000 after purchasing an additional 3,028 shares during the last quarter. nVerses Capital LLC boosted its position in LCI Industries by 14.3% in the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock worth $193,000 after purchasing an additional 200 shares during the last quarter. Blue Trust Inc. boosted its position in LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after purchasing an additional 361 shares during the last quarter. Finally, Raymond James & Associates boosted its position in LCI Industries by 4.7% in the third quarter. Raymond James & Associates now owns 308,166 shares of the company’s stock worth $37,146,000 after purchasing an additional 13,866 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Price Performance

The firm has a market capitalization of $2.78 billion, a PE ratio of 21.23 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The firm has a 50-day simple moving average of $106.31 and a 200-day simple moving average of $112.93.

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.