LCI Industries (NYSE:LCII) Price Target Lowered to $102.00 at Truist Financial

LCI Industries (NYSE:LCII) had its price target dropped by equities research analysts at Truist Financial from $108.00 to $102.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential downside of 0.24% from the stock’s previous close.

Several other brokerages have also commented on LCII. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, January 4th. Raymond James started coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.00.

LCI Industries Stock Performance

LCII stock opened at $102.25 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.60 billion, a PE ratio of 19.89 and a beta of 1.44. The business has a 50 day moving average of $113.02 and a 200-day moving average of $113.25. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. As a group, sell-side analysts expect that LCI Industries will post 5.51 earnings per share for the current year.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by insiders.

Institutional Trading of LCI Industries

Several institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV increased its holdings in shares of LCI Industries by 4.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock worth $232,000 after buying an additional 90 shares during the period. Hsbc Holdings PLC grew its position in LCI Industries by 2.6% during the 2nd quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock worth $417,000 after acquiring an additional 105 shares during the last quarter. Arizona State Retirement System lifted its position in LCI Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after purchasing an additional 130 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of LCI Industries by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock valued at $611,000 after purchasing an additional 143 shares during the period. Finally, nVerses Capital LLC boosted its stake in shares of LCI Industries by 14.3% during the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock valued at $193,000 after purchasing an additional 200 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.