LCI Industries (NYSE:LCII) Upgraded at CJS Securities

LCI Industries (NYSE:LCII) was upgraded by stock analysts at CJS Securities from a “market perform” rating to an “outperform” rating in a report issued on Wednesday,Finviz reports. The brokerage presently has a $145.00 price target on the stock. CJS Securities’ price objective suggests a potential upside of 34.33% from the stock’s previous close.

A number of other analysts also recently weighed in on LCII. Truist Financial upped their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday. StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.20.

LCI Industries Stock Performance

Shares of NYSE:LCII opened at $107.94 on Wednesday. LCI Industries has a 12-month low of $96.18 and a 12-month high of $129.38. The company’s 50 day moving average price is $106.70 and its two-hundred day moving average price is $113.02. The firm has a market cap of $2.75 billion, a PE ratio of 21.00 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 2.88 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII) last released its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that LCI Industries will post 5.51 earnings per share for the current year.

Insider Buying and Selling at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction on 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 transaction, the chief executive officer now owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of LCI Industries by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after purchasing an additional 29,192 shares during the period. Nordea Investment Management AB bought a new stake in LCI Industries in the fourth quarter worth approximately $2,394,000. International Assets Investment Management LLC lifted its stake in LCI Industries by 5,533.7% in the third quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock valued at $1,250,000 after buying an additional 10,182 shares during the period. MML Investors Services LLC bought a new position in shares of LCI Industries during the 3rd quarter worth approximately $260,000. Finally, Blue Trust Inc. grew its position in shares of LCI Industries by 1,289.3% during the 3rd quarter. Blue Trust Inc. now owns 389 shares of the company’s stock worth $47,000 after buying an additional 361 shares during the period. Institutional investors own 99.71% of the company’s stock.

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.