LCI Industries (NYSE:LCII) Cut to “Hold” at StockNews.com

LCI Industries (NYSE:LCII) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

LCII has been the subject of a number of other research reports. Truist Financial boosted their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, LCI Industries has a consensus rating of “Hold” and an average price target of $121.50.

LCI Industries Price Performance

LCII stock traded up $0.08 during midday trading on Monday, reaching $87.48. The company had a trading volume of 430,685 shares, compared to its average volume of 258,735. The firm has a 50-day moving average price of $100.01 and a 200-day moving average price of $109.11. 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 company has a market capitalization of $2.23 billion, a P/E ratio of 15.62 and a beta of 1.45. LCI Industries has a 1 year low of $85.67 and a 1 year high of $129.38.

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

Institutional Investors Weigh In On LCI Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. grew its position in shares of LCI Industries by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,595 shares of the company’s stock valued at $268,000 after acquiring an additional 130 shares during the period. SkyView Investment Advisors LLC raised its holdings in LCI Industries by 2.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock valued at $611,000 after buying an additional 143 shares during the period. Keybank National Association OH lifted its stake in LCI Industries by 7.1% during the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock worth $315,000 after acquiring an additional 202 shares in the last quarter. Inspire Advisors LLC boosted its position in LCI Industries by 3.6% in the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock valued at $611,000 after buying an additional 206 shares during the period. Finally, Tidal Investments LLC grew its holdings in LCI Industries by 2.4% during the 3rd quarter. Tidal Investments LLC now owns 9,402 shares of the company’s stock worth $1,133,000 after acquiring an additional 223 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other 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.