LCI Industries (NYSE:LCII) stock rating was updated by StockNews.com

LCI Industries (NYSE:LCII – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

A number of other equities analysts have also commented on LCII. Benchmark reissued a “buy” rating and issued a $130.00 price objective on shares of LCI Industries in a research note on Wednesday, August 7th. Truist Financial upped their target price on LCI Industries from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $108.67.

Read our latest analysis of LCI Industries

LCI Industries price performance

NYSE:LCII traded up $0.50 during trading hours on Monday, reaching $120.54. The company had a trading volume of 152,096 shares, compared to its average volume of 231,920. The stock has a 50 day moving average of $114.93 and a two hundred day moving average of $110.73. LCI Industries has a one year low of $96.18 and a one year high of $131.36. The firm has a market cap of $3.07 billion, a PE ratio of 32.76 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 2.82, and a debt-to-equity ratio of 0.59.

LCI Industries (NYSE:LCII – Get Free Report ) last announced 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. LCI Industries had a return on equity of 8.85% and a net margin of 3.17%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. In the same period last year, the company posted earnings of $1.31 per share. The company’s revenue was up 3.9% compared to the same quarter last year. analysts forecast that LCI Industries will post 6.01 earnings per share for the current year.

Institutional inputs and outputs

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its holdings in LCI Industries by 15.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,720 shares of the company’s stock valued at $342,000 after buying an additional 360 of shares in the last quarter. Stifel Financial Corp raised its stake in LCI Industries by 6.0% in the 4th quarter. Stifel Financial Corp now owns 81,279 shares of the company’s stock valued at $10,218,000 after purchasing an additional 4,595 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in LCI Industries in the 4th quarter valued at approximately $894,000. Quadrature Capital Ltd acquired a new position in LCI Industries in the 4th quarter valued at about $901,000. Finally, Optimist Retirement Group LLC acquired a new position in LCI Industries in the 4th quarter valued at approximately $260,000. 99.71% of shares are currently owned by institutional investors.

About LCI Industries

(Get a free report)

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components to recreational vehicle (RV) manufacturers and related industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.

Further reading

Get news and reviews for LCI Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for LCI Industries and related companies with MarketBeat.com’s FREE daily email newsletter.