LCI Industries (NYSE:LCII) Upgraded by StockNews.com to Buy Rating

LCI Industries (NYSE:LCII) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

LCII has been the topic of a number of other reports. CJS Securities raised 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. Truist Financial raised their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.50.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $88.07 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. The firm has a market cap of $2.24 billion, a P/E ratio of 15.73 and a beta of 1.45. The firm has a 50 day simple moving average of $102.32 and a 200 day simple moving average of $110.48. LCI Industries has a fifty-two week low of $86.23 and a fifty-two week high of $129.38.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LCI Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in LCII. Strategic Financial Concepts LLC acquired a new position in LCI Industries in the 4th quarter worth $28,000. Smartleaf Asset Management LLC boosted its stake in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock worth $37,000 after purchasing an additional 247 shares during the period. LRI Investments LLC boosted its stake in LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in LCI Industries in the 3rd quarter worth $49,000. Finally, Headlands Technologies LLC acquired a new position in LCI Industries in the 4th quarter worth $59,000. 99.71% of the stock is owned by 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.