LCI Industries (NYSE:LCII) Upgraded to Outperform at CJS Securities

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

A number of other research analysts have also recently issued reports on the stock. Truist Financial lifted their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the company 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.20.

LCI Industries Stock Up 5.8 %

Shares of NYSE:LCII opened at $107.94 on Wednesday. The firm has a market cap of $2.75 billion, a P/E ratio of 21.00 and a beta of 1.44. LCI Industries has a 52-week low of $96.18 and a 52-week high of $129.38. The business’s 50 day simple moving average is $106.70 and its two-hundred day simple moving average is $113.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. As a group, research analysts forecast that LCI Industries will post 5.51 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction 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 $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LCI Industries

Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its position in LCI Industries by 46.1% in the fourth quarter. Royce & Associates LP now owns 546,623 shares of the company’s stock worth $56,515,000 after buying an additional 172,586 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of LCI Industries by 29.2% during the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company’s stock worth $36,975,000 after acquiring an additional 80,784 shares during the period. Vanguard Group Inc. increased its holdings in LCI Industries by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company’s stock worth $301,203,000 after acquiring an additional 56,794 shares during the last quarter. Principal Financial Group Inc. raised its stake in LCI Industries by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 632,221 shares of the company’s stock valued at $76,202,000 after acquiring an additional 36,487 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its holdings in LCI Industries by 26.5% during the third quarter. Conestoga Capital Advisors LLC now owns 163,006 shares of the company’s stock valued at $19,649,000 after purchasing an additional 34,110 shares during the last quarter. 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.