LCI Industries (NYSE:LCII) Raised to “Market Perform” at BMO Capital Markets

LCI Industries (NYSE:LCII) was upgraded by equities researchers at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $110.00 price objective on the stock. BMO Capital Markets’ price target would suggest a potential upside of 2.92% from the stock’s previous close.

Several other analysts have also weighed in on LCII. Truist Financial lifted their price objective on shares of LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Loop Capital initiated coverage on shares of LCI Industries in a research note on Friday, October 31st. They set a “buy” rating and a $116.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. Robert W. Baird boosted their price target on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Roth Capital boosted their price target on shares of LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.67.

LCI Industries Stock Performance

NYSE:LCII opened at $106.88 on Monday. The company has a fifty day moving average of $96.31 and a 200-day moving average of $93.76. The firm has a market capitalization of $2.59 billion, a P/E ratio of 17.84 and a beta of 1.31. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. LCI Industries has a twelve month low of $72.31 and a twelve month high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, June 7th. The company reported $2.93 earnings per share for the quarter. The company had revenue of $1 billion during the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. As a group, sell-side analysts anticipate that LCI Industries will post 6.76 EPS for the current year.

Institutional Investors Weigh In On LCI Industries

Institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its holdings in LCI Industries by 136.5% during the 1st quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company’s stock valued at $831,000 after buying an additional 5,484 shares in the last quarter. ARGA Investment Management LP lifted its holdings in shares of LCI Industries by 5.6% in the first quarter. ARGA Investment Management LP now owns 28,543 shares of the company’s stock worth $2,496,000 after buying an additional 1,513 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of LCI Industries by 178.0% in the first quarter. Cerity Partners LLC now owns 7,394 shares of the company’s stock worth $646,000 after buying an additional 4,734 shares in the last quarter. MQS Management LLC purchased a new stake in shares of LCI Industries in the first quarter worth about $652,000. Finally, Apollon Wealth Management LLC lifted its holdings in shares of LCI Industries by 6.1% in the first quarter. Apollon Wealth Management LLC now owns 3,640 shares of the company’s stock worth $318,000 after buying an additional 208 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.