Truist Financial Lowers LCI Industries (NYSE:LCII) Price Target to $150.00

LCI Industries (NYSE:LCIIGet Rating) had its price target dropped by equities research analysts at Truist Financial from $165.00 to $150.00 in a report released on Wednesday, The Fly reports. Truist Financial’s target price points to a potential upside of 33.45% from the company’s previous close.

LCII has been the topic of a number of other research reports. StockNews.com started coverage on shares of LCI Industries in a research note on Thursday, March 31st. They set a “hold” rating on the stock. DA Davidson started coverage on LCI Industries in a report on Wednesday, April 13th. They set a “buy” rating and a $130.00 price objective for the company. Robert W. Baird cut their price objective on LCI Industries from $175.00 to $155.00 in a report on Wednesday. MKM Partners began coverage on LCI Industries in a report on Thursday, May 5th. They issued a “buy” rating and a $153.00 price target for the company. Finally, Zacks Investment Research cut LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LCI Industries currently has a consensus rating of “Buy” and a consensus target price of $145.00.

LCII opened at $112.40 on Wednesday. LCI Industries has a fifty-two week low of $96.32 and a fifty-two week high of $163.33. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.50 and a quick ratio of 0.75. The firm’s fifty day moving average price is $109.55 and its two-hundred day moving average price is $130.75. The company has a market capitalization of $2.86 billion, a P/E ratio of 9.94 and a beta of 1.45.

LCI Industries (NYSE:LCIIGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.99 by $2.72. LCI Industries had a net margin of 6.43% and a return on equity of 28.34%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company earned $2.93 earnings per share. The business’s revenue was up 64.4% compared to the same quarter last year. On average, equities research analysts expect that LCI Industries will post 14.76 EPS for the current fiscal year.

In other news, insider Jamie Schnur acquired 3,250 shares of the company’s stock in a transaction on Thursday, March 31st. The stock was purchased at an average cost of $107.79 per share, with a total value of $350,317.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jason Lippert acquired 9,265 shares of the company’s stock in a transaction on Thursday, March 31st. The shares were purchased at an average cost of $108.00 per share, with a total value of $1,000,620.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,515 shares of company stock valued at $2,966,138 over the last three months. Company insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Okabena Investment Services Inc. acquired a new position in shares of LCI Industries during the 4th quarter worth about $29,000. First Horizon Advisors Inc. acquired a new position in shares of LCI Industries during the 3rd quarter worth about $32,000. Wolff Wiese Magana LLC acquired a new position in shares of LCI Industries during the 4th quarter worth about $34,000. Covestor Ltd acquired a new position in shares of LCI Industries during the 4th quarter worth about $35,000. Finally, HM Payson & Co. grew 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 worth $35,000 after buying an additional 200 shares during the period. Institutional investors own 97.77% of the company’s stock.

About LCI Industries (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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