LCI Industries (NYSE:LCII) Raised to Strong-Buy at Wall Street Zen

LCI Industries (NYSE:LCII) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Other research analysts have also issued research reports about the company. Robert W. Baird boosted their price objective on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. Zacks Research cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Loop Capital reaffirmed a “hold” rating and set a $149.00 price objective on shares of LCI Industries in a report on Thursday. Finally, Truist Financial set a $147.00 target price on shares of LCI Industries in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $128.50.

LCI Industries Trading Down 1.9%

Shares of LCII stock opened at $147.06 on Friday. The company has a market capitalization of $3.56 billion, a PE ratio of 20.57 and a beta of 1.31. LCI Industries has a 52-week low of $72.31 and a 52-week high of $151.85. The business’s fifty day moving average is $123.09 and its 200 day moving average is $107.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78.

LCI Industries (NYSE:LCII) last posted its earnings results on Thursday, October 30th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.44 by $0.53. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $963.96 million. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 earnings per share. On average, equities research analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its stake in LCI Industries by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 13,751 shares of the company’s stock worth $1,668,000 after purchasing an additional 181 shares during the period. Exchange Traded Concepts LLC purchased a new stake in LCI Industries during the 4th quarter valued at $87,000. Fort Washington Investment Advisors Inc. OH bought a new stake in LCI Industries in the 4th quarter worth $27,142,000. Curated Wealth Partners LLC grew its holdings in LCI Industries by 30.3% in the 4th quarter. Curated Wealth Partners LLC now owns 2,925 shares of the company’s stock worth $355,000 after acquiring an additional 681 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in shares of LCI Industries by 2.1% in the fourth quarter. Congress Asset Management Co. now owns 55,107 shares of the company’s stock valued at $6,687,000 after acquiring an additional 1,158 shares during the period. 99.71% of the stock is owned by institutional investors.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.