StockNews.com Upgrades LCI Industries (NYSE:LCII) to Buy

LCI Industries (NYSE:LCII) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other analysts also recently commented on the company. Truist Financial upped their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Raymond James assumed coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $112.20.

LCI Industries Stock Performance

Shares of LCII traded up $0.50 during mid-day trading on Wednesday, reaching $103.66. 73,417 shares of the company’s stock were exchanged, compared to its average volume of 228,688. The business’s fifty day simple moving average is $115.84 and its 200-day simple moving average is $113.15. LCI Industries has a 52-week low of $96.18 and a 52-week high of $131.36. The stock has a market capitalization of $2.64 billion, a PE ratio of 20.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. During the same period last year, the firm posted $1.02 EPS. LCI Industries’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities research analysts expect that LCI Industries will post 5.51 earnings per share for the current year.

Insider Buying and Selling

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently modified their holdings of LCII. Blue Trust Inc. raised its stake in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LCI Industries during the 3rd quarter valued at about $49,000. GAMMA Investing LLC raised its position in LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock worth $66,000 after acquiring an additional 272 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of LCI Industries by 99.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company’s stock valued at $77,000 after purchasing an additional 370 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of LCI Industries in the second quarter valued at approximately $93,000. Hedge funds and other institutional investors 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.