StockNews.com Downgrades LCI Industries (NYSE:LCII) to Hold

StockNews.com lowered shares of LCI Industries (NYSE:LCII) from a buy rating to a hold rating in a report released on Saturday.

LCII has been the topic of a number of other research reports. CJS Securities raised shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Wednesday, February 12th. Truist Financial increased their target price on LCI Industries from $102.00 to $108.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $121.50.

LCI Industries Price Performance

LCI Industries stock opened at $110.42 on Friday. The business’s 50 day simple moving average is $105.84 and its 200 day simple moving average is $112.81. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. LCI Industries has a 12 month low of $96.18 and a 12 month high of $129.38. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 21.48 and a beta of 1.44.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. Sell-side analysts forecast that LCI Industries will post 5.51 EPS for the current year.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the 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 directly owns 373,145 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Trading of LCI Industries

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after purchasing an additional 56,794 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of LCI Industries by 7.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company’s stock worth $127,904,000 after purchasing an additional 87,764 shares during the period. Principal Financial Group Inc. raised 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 worth $66,536,000 after buying an additional 11,286 shares in the last quarter. Victory Capital Management Inc. raised its stake in LCI Industries by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock worth $65,784,000 after buying an additional 15,057 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in LCI Industries by 0.3% in the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after buying an additional 1,688 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Company Profile

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.