LCI Industries (NYSE:LCII) Downgraded to Buy Rating by Wall Street Zen

LCI Industries (NYSE:LCII) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

LCII has been the subject of a number of other reports. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target for the company in a report on Monday, November 3rd. Truist Financial set a $147.00 target price on shares of LCI Industries in a research note on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Robert W. Baird upped their price target on LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Roth Mkm increased their price objective on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, LCI Industries has an average rating of “Hold” and an average price target of $128.50.

LCI Industries Stock Down 1.7%

LCII opened at $146.82 on Friday. LCI Industries has a one year low of $72.31 and a one year high of $151.85. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 2.78. The stock’s fifty day moving average is $127.11 and its 200-day moving average is $108.80. The company has a market capitalization of $3.55 billion, a PE ratio of 20.53 and a beta of 1.31.

LCI Industries (NYSE:LCII) last announced its earnings results on Thursday, October 30th. The company reported $1.97 earnings per share for the quarter, beating 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 company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.39 earnings per share. On average, equities analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

Hedge Funds Weigh In On LCI Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of LCI Industries in the first quarter valued at $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in LCI Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock worth $1,290,000 after acquiring an additional 643 shares during the period. Empowered Funds LLC purchased a new position in LCI Industries during the 1st quarter valued at about $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of LCI Industries by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock valued at $6,702,000 after purchasing an additional 7,515 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of LCI Industries in the second quarter worth approximately $235,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.