LCI Industries (NYSE:LCII) Upgraded at Wall Street Zen

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

LCII has been the topic of several other reports. Robert W. Baird boosted their price objective on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Truist Financial set a $147.00 price target on shares of LCI Industries in a research note on Tuesday, January 20th. Roth Mkm upped their price objective on shares of LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Zacks Research downgraded shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research note on Thursday, January 22nd. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $125.20.

LCI Industries Price Performance

LCII stock opened at $157.38 on Friday. LCI Industries has a 52-week low of $72.31 and a 52-week high of $159.66. The company has a quick ratio of 1.28, a current ratio of 2.78 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 22.01 and a beta of 1.32. The business has a fifty day moving average of $134.87 and a two-hundred day moving average of $112.65.

Hedge Funds Weigh In On LCI Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LCII. M&T Bank Corp increased its position in shares of LCI Industries by 8,419.2% during the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock worth $89,686,000 after acquiring an additional 730,453 shares during the period. ARGA Investment Management LP increased its holdings in LCI Industries by 1,386.8% during the 2nd quarter. ARGA Investment Management LP now owns 424,374 shares of the company’s stock worth $38,699,000 after purchasing an additional 395,831 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new stake in LCI Industries in the 4th quarter valued at about $27,142,000. Bank of Montreal Can boosted its stake in shares of LCI Industries by 70.4% in the 2nd quarter. Bank of Montreal Can now owns 435,844 shares of the company’s stock valued at $39,745,000 after buying an additional 180,060 shares during the period. Finally, Bridgeway Capital Management LLC purchased a new position in shares of LCI Industries in the 2nd quarter valued at about $15,633,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

LCI Industries Company Profile

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.