LCI Industries (NYSE:LCII) Earns Hold (C) Rating from Weiss Ratings

LCI Industries (NYSE:LCII)‘s stock had its “hold (c)” rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also commented on the company. Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. BMO Capital Markets increased their price objective on LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.25.

LCI Industries Trading Down 0.4%

Shares of LCII opened at $88.77 on Wednesday. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $99.54 and a 200-day simple moving average of $92.24. The stock has a market cap of $2.15 billion, a PE ratio of 14.82 and a beta of 1.31.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.17. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.LCI Industries’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.40 EPS. On average, sell-side analysts predict that LCI Industries will post 6.76 EPS for the current fiscal year.

Institutional Trading of LCI Industries

Several hedge funds have recently added to or reduced their stakes in LCII. GAMMA Investing LLC raised its stake in LCI Industries by 5,676.2% during the 1st quarter. GAMMA Investing LLC now owns 28,939 shares of the company’s stock worth $2,530,000 after buying an additional 28,438 shares during the period. Conestoga Capital Advisors LLC raised its stake in LCI Industries by 7.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 177,716 shares of the company’s stock worth $15,538,000 after buying an additional 12,000 shares during the period. Illinois Municipal Retirement Fund raised its stake in LCI Industries by 4.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,539 shares of the company’s stock worth $1,271,000 after buying an additional 618 shares during the period. Teacher Retirement System of Texas raised its stake in LCI Industries by 136.5% during the 1st quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company’s stock worth $831,000 after buying an additional 5,484 shares during the period. Finally, ARGA Investment Management LP raised its stake in LCI Industries by 5.6% during the 1st quarter. ARGA Investment Management LP now owns 28,543 shares of the company’s stock worth $2,496,000 after buying an additional 1,513 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

About LCI Industries

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.