LCI Industries (NYSE:LCII) Stock Rating Upgraded by CJS Securities

CJS Securities upgraded shares of LCI Industries (NYSE:LCII) from a market perform rating to an outperform rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports. CJS Securities currently has $145.00 price target on the stock.

Several other research firms also recently weighed in on LCII. StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Truist Financial upped their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research report 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.50.

LCI Industries Stock Performance

Shares of NYSE:LCII opened at $110.42 on Wednesday. The company’s 50 day simple moving average is $106.00 and its 200 day simple moving average is $112.86. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 21.48 and a beta of 1.44. 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.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping 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%. As a group, research analysts predict that LCI Industries will post 5.51 EPS for the current fiscal year.

Insider Activity at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’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 directly owns 373,145 shares in the company, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Trading of LCI Industries

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock valued at $301,203,000 after buying an additional 56,794 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 87,764 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company’s stock worth $66,536,000 after acquiring an additional 11,286 shares during the last quarter. Victory Capital Management Inc. raised its stake in LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company’s stock valued at $65,784,000 after purchasing an additional 15,057 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in LCI Industries by 0.3% during the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock valued at $68,090,000 after purchasing an additional 1,688 shares in the last quarter. 99.71% of the stock is currently owned by 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.