LCI Industries (NYSE:LCII) Price Target Lowered to $102.00 at Truist Financial

LCI Industries (NYSE:LCII) had its price target reduced by Truist Financial from $108.00 to $102.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential downside of 0.77% from the stock’s current price.

Several other brokerages have also recently issued reports on LCII. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Raymond James began coverage on LCI Industries in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $111.00.

LCI Industries Stock Performance

LCI Industries stock traded down $1.87 during trading hours on Tuesday, hitting $102.79. The company had a trading volume of 17,859 shares, compared to its average volume of 165,075. LCI Industries has a one year low of $96.18 and a one year high of $129.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. The firm has a market cap of $2.62 billion, a PE ratio of 20.00 and a beta of 1.44. The firm has a 50-day moving average of $113.30 and a 200 day moving average of $113.23.

LCI Industries (NYSE:LCII) last posted its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $915.50 million for the quarter, compared to the consensus estimate of $922.85 million. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.02 EPS. On average, sell-side analysts expect that LCI Industries will post 5.51 earnings per share for the current year.

Insider Activity at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LCI Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of LCI Industries by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,900 shares of the company’s stock valued at $114,945,000 after acquiring an additional 62,354 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of LCI Industries by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after purchasing an additional 36,487 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of LCI Industries by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 621,218 shares of the company’s stock valued at $74,882,000 after purchasing an additional 14,969 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of LCI Industries by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 564,761 shares of the company’s stock worth $68,090,000 after purchasing an additional 1,688 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of LCI Industries by 30.5% in the 2nd quarter. American Century Companies Inc. now owns 418,588 shares of the company’s stock worth $43,274,000 after buying an additional 97,877 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.