LCI Industries (NYSE:LCII – Get Free Report) had its target price hoisted by investment analysts at Truist Financial from $100.00 to $108.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target points to a potential downside of 10.64% from the stock’s previous close.
Separately, Benchmark restated a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $108.67.
Check Out Our Latest Research Report on LCI Industries
LCI Industries Stock Down 2.3 %
LCI Industries (NYSE:LCII – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.24. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a net margin of 3.17% and a return on equity of 8.85%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. Research analysts expect that LCI Industries will post 6 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 bought and sold shares of LCII. Envestnet Portfolio Solutions Inc. grew its position in LCI Industries by 10.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,372 shares of the company’s stock valued at $298,000 after buying an additional 215 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in LCI Industries by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock valued at $1,784,000 after acquiring an additional 111 shares during the period. Norges Bank acquired a new stake in LCI Industries in the fourth quarter valued at $33,784,000. PNC Financial Services Group Inc. lifted its holdings in LCI Industries by 2.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after acquiring an additional 92 shares during the period. Finally, SageView Advisory Group LLC lifted its holdings in LCI Industries by 9.6% in the fourth quarter. SageView Advisory Group LLC now owns 2,508 shares of the company’s stock valued at $315,000 after acquiring an additional 219 shares during the period. 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.
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