LCI Industries (NYSE:LCII) Raised to Market Perform at BMO Capital Markets

LCI Industries (NYSE:LCII) was upgraded by analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report released on Monday, Marketbeat reports. The firm currently has a $110.00 target price on the stock. BMO Capital Markets’ price target indicates a potential upside of 3.04% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Truist Financial boosted their target price on LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research report on Wednesday, October 8th. Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Roth Capital boosted their target price on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Loop Capital initiated coverage on LCI Industries in a research report on Friday. They set a “buy” rating and a $116.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $109.50.

LCI Industries Trading Up 3.2%

Shares of NYSE LCII opened at $106.75 on Monday. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The business’s 50 day moving average is $96.31 and its two-hundred day moving average is $93.55. The stock has a market capitalization of $2.59 billion, a P/E ratio of 17.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, June 7th. The company reported $2.93 earnings per share (EPS) for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of $1 billion during the quarter. As a group, research analysts expect that LCI Industries will post 6.76 EPS for the current year.

Institutional Trading of LCI Industries

Hedge funds have recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in LCI Industries during the second quarter worth $26,000. SVB Wealth LLC purchased a new stake in LCI Industries during the first quarter worth $28,000. Signaturefd LLC lifted its holdings in LCI Industries by 591.5% during the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock worth $30,000 after buying an additional 278 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in LCI Industries by 535.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after buying an additional 439 shares during the period. Finally, State of Wyoming purchased a new stake in LCI Industries during the first quarter worth $46,000. Hedge funds and other institutional investors 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.