Robert W. Baird Reaffirms Neutral Rating for LCI Industries (NYSE:LCII)

LCI Industries (NYSE:LCII)‘s stock had its “neutral” rating reissued by equities researchers at Robert W. Baird in a research report issued on Friday, Marketbeat reports. They currently have a $100.00 price target on the stock, down from their prior price target of $130.00. Robert W. Baird’s price objective indicates a potential upside of 22.28% from the stock’s previous close.

Several other brokerages have also recently weighed in on LCII. Truist Financial raised their target price on shares of LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a report on Monday, February 10th. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Monday, March 31st. Finally, CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.20.

LCI Industries Stock Up 1.0 %

LCI Industries stock opened at $81.78 on Friday. The firm has a market capitalization of $2.06 billion, a P/E ratio of 14.60 and a beta of 1.36. 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 twelve month low of $75.72 and a twelve month high of $129.38. The stock’s fifty day simple moving average is $98.29 and its 200-day simple moving average is $108.23.

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, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, equities analysts expect that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LCI Industries

Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of LCI Industries by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,423 shares of the company’s stock valued at $45,122,000 after purchasing an additional 25,145 shares during the period. Principal Financial Group Inc. lifted its stake in LCI Industries by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock valued at $66,536,000 after buying an additional 11,286 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of LCI Industries in the fourth quarter valued at approximately $266,000. Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 247 shares during the last quarter. Finally, Congress Asset Management Co. grew its position in shares of LCI Industries by 10.1% during the fourth quarter. Congress Asset Management Co. now owns 57,565 shares of the company’s stock worth $5,952,000 after acquiring an additional 5,303 shares during the last quarter. Institutional investors and hedge funds 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.