LCI Industries’ (LCII) “Neutral” Rating Reiterated at Robert W. Baird

LCI Industries (NYSE:LCII)‘s stock had its “neutral” rating restated by equities researchers at Robert W. Baird in a research note issued to investors on Friday,Benzinga reports. They presently have a $100.00 price target on the stock, down from their previous price target of $130.00. Robert W. Baird’s target price indicates a potential upside of 23.75% from the company’s current price.

A number of other equities analysts have also commented on LCII. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, LCI Industries currently has a consensus rating of “Hold” and a consensus target price of $117.20.

LCI Industries Stock Down 10.0 %

LCII opened at $80.81 on Friday. The stock has a market cap of $2.06 billion, a PE ratio of 14.43 and a beta of 1.45. The stock’s fifty day simple moving average is $98.77 and its 200 day simple moving average is $108.57. The company has a current ratio of 2.82, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. LCI Industries has a 1-year low of $80.19 and a 1-year high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. As a group, research analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

Institutional Trading of LCI Industries

A number of institutional investors and hedge funds have recently bought and sold shares of LCII. Charles Schwab Investment Management Inc. boosted its holdings in LCI Industries by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after acquiring an additional 25,145 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after buying an additional 11,286 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of LCI Industries during the fourth quarter worth $266,000. Smartleaf Asset Management LLC raised its stake in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after buying an additional 247 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in LCI Industries by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock valued at $5,952,000 after buying an additional 5,303 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Company Profile

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.