LCI Industries (NYSE:LCII) Raised to “Buy” at Wall Street Zen

LCI Industries (NYSE:LCII) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts also recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of LCI Industries in a research report on Saturday, September 27th. BMO Capital Markets boosted their price target on shares of LCI Industries from $80.00 to $85.00 and gave the stock an “underperform” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $103.25.

LCI Industries Trading Up 1.0%

NYSE:LCII opened at $94.50 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The firm has a 50-day moving average of $100.07 and a 200-day moving average of $92.25. The company has a market cap of $2.29 billion, a PE ratio of 15.78 and a beta of 1.31. LCI Industries has a one year low of $72.31 and a one year high of $129.38.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.22 by $0.17. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.40 earnings per share. As a group, equities research analysts expect that LCI Industries will post 6.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP purchased a new position in LCI Industries in the first quarter valued at about $410,000. Teacher Retirement System of Texas boosted its stake in LCI Industries by 136.5% in the first quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company’s stock valued at $831,000 after acquiring an additional 5,484 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in LCI Industries by 93,707.4% in the first quarter. Russell Investments Group Ltd. now owns 25,328 shares of the company’s stock valued at $2,214,000 after acquiring an additional 25,301 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in LCI Industries by 16.0% in the first quarter. Allianz Asset Management GmbH now owns 20,347 shares of the company’s stock valued at $1,779,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in LCI Industries in the first quarter valued at about $825,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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.