LCI Industries (NYSE:LCII) Earns Buy Rating from Benchmark

LCI Industries (NYSE:LCII)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $130.00 price target on the stock. Benchmark’s price target suggests a potential upside of 16.73% from the company’s previous close.

Separately, Roth Mkm boosted their price target on shares of LCI Industries from $100.00 to $103.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $109.00.

LCI Industries Price Performance

Shares of LCII traded down $0.31 during trading hours on Wednesday, hitting $111.37. 129,694 shares of the company were exchanged, compared to its average volume of 239,140. The firm has a fifty day simple moving average of $106.10 and a 200-day simple moving average of $111.22. The company has a market capitalization of $2.83 billion, a PE ratio of 30.26 and a beta of 1.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.86 and a quick ratio of 1.06. LCI Industries has a one year low of $96.18 and a one year high of $132.33.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a return on equity of 6.85% and a net margin of 2.47%. LCI Industries’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. As a group, sell-side analysts predict that LCI Industries will post 6.29 earnings per share for the current year.

Institutional Investors Weigh In On LCI Industries

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of LCI Industries by 2.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after buying an additional 92 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of LCI Industries by 7.7% during the 2nd quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after purchasing an additional 100 shares in the last quarter. HM Payson & Co. lifted its stake in shares of LCI Industries by 6.4% in the 1st quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in LCI Industries by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock worth $1,784,000 after purchasing an additional 111 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in LCI Industries by 4.6% during the fourth quarter. QRG Capital Management Inc. now owns 2,567 shares of the company’s stock worth $323,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.