LCI Industries (NYSE:LCII) Upgraded at CJS Securities

CJS Securities upgraded shares of LCI Industries (NYSE:LCII) from a market perform rating to an outperform rating in a report published on Wednesday, MarketBeat reports. They currently have $145.00 target price on the stock.

A number of other brokerages have also issued reports on LCII. StockNews.com raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Truist Financial raised their price objective on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, LCI Industries presently has a consensus rating of “Hold” and a consensus price target of $121.50.

LCI Industries Price Performance

Shares of NYSE LCII opened at $110.42 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a 1-year low of $96.18 and a 1-year high of $129.38. The business has a 50-day moving average of $106.00 and a 200-day moving average of $112.86. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 21.48 and a beta of 1.44.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. On average, equities analysts anticipate that LCI Industries will post 5.51 EPS for the current fiscal year.

Insider Transactions at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. lifted its holdings in LCI Industries by 5.3% during the 4th quarter. Ameritas Investment Partners Inc. now owns 2,595 shares of the company’s stock worth $268,000 after buying an additional 130 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in LCI Industries by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock worth $611,000 after purchasing an additional 143 shares in the last quarter. nVerses Capital LLC increased its holdings in LCI Industries by 14.3% during the 3rd quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock worth $193,000 after purchasing an additional 200 shares in the last quarter. Keybank National Association OH boosted its stake in shares of LCI Industries by 7.1% during the 4th quarter. Keybank National Association OH now owns 3,049 shares of the company’s stock worth $315,000 after buying an additional 202 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in shares of LCI Industries by 3.6% during the 4th quarter. Inspire Advisors LLC now owns 5,907 shares of the company’s stock worth $611,000 after buying an additional 206 shares during 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.