StockNews.com Upgrades LCI Industries (NYSE:LCII) to “Buy”

LCI Industries (NYSE:LCII) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also commented on the company. Truist Financial increased their price objective on LCI Industries from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Raymond James assumed coverage on shares of LCI Industries in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LCI Industries has an average rating of “Hold” and an average price target of $112.20.

LCI Industries Trading Up 2.6 %

LCII stock opened at $104.24 on Friday. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $113.53 and its 200-day moving average is $113.12. The firm has a market cap of $2.65 billion, a P/E ratio of 20.28 and a beta of 1.41.

LCI Industries (NYSE:LCII) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.02 earnings per share. Equities analysts anticipate that LCI Industries will post 5.51 earnings per share for the current fiscal year.

Insider Buying and Selling at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction 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 $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of LCI Industries

Several large investors have recently bought and sold shares of LCII. American Century Companies Inc. lifted its stake in shares of LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock valued at $43,274,000 after purchasing an additional 97,877 shares during the period. Royce & Associates LP raised its position in shares of LCI Industries by 22.5% during the third quarter. Royce & Associates LP now owns 374,037 shares of the company’s stock worth $45,086,000 after purchasing an additional 68,682 shares during the period. Dimensional Fund Advisors LP increased its stake in LCI Industries by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after purchasing an additional 62,354 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of LCI Industries by 6.1% in the third quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after buying an additional 36,487 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of LCI Industries by 26.5% in the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after buying an additional 34,110 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

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.