LCI Industries (NYSE:LCII) PT Lowered to $155.00

LCI Industries (NYSE:LCII – Get Rating) had its price objective cut by equities research analysts at Robert W. Baird from $175.00 to $155.00 in a research note issued on Wednesday, The Fly reports. Robert W. Baird’s price target suggests a potential upside of 37.90% from the stock’s current price.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Truist Financial cut their target price on LCI Industries from $175.00 to $165.00 in a research note on Wednesday, March 2nd. MKM Partners began coverage on LCI Industries in a research report on Thursday, May 5th. They set a “buy” rating and a $153.00 price objective for the company. StockNews.com assumed coverage on LCI Industries in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, DA Davidson started coverage on LCI Industries in a research report on Wednesday, April 13th. They issued a “buy” rating and a $130.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, LCI Industries presently has an average rating of “Buy” and an average target price of $145.00.

Shares of LCII stock opened at $112.40 on Wednesday. The company’s fifty day simple moving average is $109.55 and its 200-day simple moving average is $130.75. The company has a quick ratio of 0.75, a current ratio of 2.50 and a debt-to-equity ratio of 1.13. The firm has a market cap of $2.86 billion, a PE ratio of 9.94 and a beta of 1.45. LCI Industries has a 12 month low of $96.32 and a 12 month high of $163.33.

LCI Industries (NYSE:LCII – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $7.71 earnings per share for the quarter, beating the consensus estimate of $4.99 by $2.72. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.40 billion. LCI Industries had a net margin of 6.43% and a return on equity of 28.34%. The company’s revenue was up 64.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 earnings per share. On average, equities analysts predict that LCI Industries will post 14.76 earnings per share for the current fiscal year.

In other LCI Industries news, insider Jamie Schnur bought 3,250 shares of the stock in a transaction dated Thursday, March 31st. The stock was bought at an average cost of $107.79 per share, for a total transaction of $350,317.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Gero purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were acquired at an average cost of $105.52 per share, with a total value of $1,055,200.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 27,515 shares of company stock valued at $2,966,138. 3.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in LCII. Okabena Investment Services Inc. purchased a new position in LCI Industries during the 4th quarter worth $29,000. First Horizon Advisors Inc. purchased a new position in LCI Industries during the third quarter valued at $32,000. Wolff Wiese Magana LLC purchased a new position in shares of LCI Industries in the 4th quarter worth about $34,000. Covestor Ltd bought a new stake in shares of LCI Industries during the 4th quarter valued at about $35,000. Finally, HM Payson & Co. lifted its position in shares of LCI Industries by 869.6% during the 4th quarter. HM Payson & Co. now owns 223 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 97.77% of the company’s stock.

LCI Industries Company Profile (Get Rating)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.

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