LCI Industries (NYSE:LCII) PT Raised to $108.00 at Truist Financial

LCI Industries (NYSE:LCII) had its price target lifted by research analysts at Truist Financial from $100.00 to $108.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential downside of 10.64% from the company’s current price.

Separately, Benchmark reaffirmed a “buy” rating and set a $130.00 target price on shares of LCI Industries in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $108.67.

LCI Industries Trading Down 2.3 %

Shares of LCII stock opened at $120.86 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.82 and a quick ratio of 1.23. The firm has a market cap of $3.08 billion, a PE ratio of 32.84 and a beta of 1.41. The company has a 50-day moving average of $114.37 and a two-hundred day moving average of $110.61. LCI Industries has a 1-year low of $96.18 and a 1-year high of $131.36.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.24. The company had revenue of $1.05 billion during 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%. LCI Industries’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. On average, analysts predict that LCI Industries will post 6 EPS for the current year.

Institutional Trading of LCI Industries

Several hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its holdings in LCI Industries by 532.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 373 shares of the company’s stock valued at $46,000 after acquiring an additional 314 shares in the last quarter. LRI Investments LLC acquired a new stake in LCI Industries in the first quarter valued at approximately $46,000. Fidelis Capital Partners LLC acquired a new stake in LCI Industries in the first quarter valued at approximately $68,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in LCI Industries in the second quarter valued at approximately $93,000. Finally, nVerses Capital LLC raised its holdings in LCI Industries by 7.7% in the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.