Truist Financial Issues Pessimistic Forecast for LCI Industries (NYSE:LCII) Stock Price

LCI Industries (NYSE:LCII) had its price objective lowered by stock analysts at Truist Financial from $108.00 to $102.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential downside of 0.24% from the company’s current price.

A number of other equities analysts 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 Saturday, January 4th. Raymond James initiated coverage on LCI Industries in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $111.00.

LCI Industries Stock Down 0.1 %

Shares of LCII opened at $102.25 on Tuesday. The stock’s 50-day moving average price is $113.02 and its two-hundred day moving average price is $113.25. LCI Industries has a 12 month low of $96.18 and a 12 month high of $129.38. The company has a market capitalization of $2.60 billion, a PE ratio of 19.89 and a beta of 1.44. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

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

Insider Activity

In related news, CEO Jason Lippert sold 10,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the transaction, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LCII. Mercer Global Advisors Inc. ADV increased its position in shares of LCI Industries by 4.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 2,244 shares of the company’s stock worth $232,000 after acquiring an additional 90 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of LCI Industries by 2.6% in the second quarter. Hsbc Holdings PLC now owns 4,079 shares of the company’s stock worth $417,000 after purchasing an additional 105 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of LCI Industries by 1.9% in the second quarter. Arizona State Retirement System now owns 7,090 shares of the company’s stock valued at $733,000 after purchasing an additional 130 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of LCI Industries by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 5,069 shares of the company’s stock valued at $611,000 after buying an additional 143 shares during the last quarter. Finally, nVerses Capital LLC boosted its position in shares of LCI Industries by 14.3% during the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock valued at $193,000 after buying an additional 200 shares during 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.