Wall Street Zen Downgrades LCI Industries (NYSE:LCII) to Buy

LCI Industries (NYSE:LCII) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently weighed in on LCII. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price objective for the company in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Robert W. Baird increased their price target on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Loop Capital reissued a “hold” rating and issued a $149.00 price target on shares of LCI Industries in a report on Thursday, January 22nd. Finally, Zacks Research downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $128.50.

LCI Industries Price Performance

Shares of NYSE LCII opened at $146.82 on Friday. LCI Industries has a twelve month low of $72.31 and a twelve month high of $151.85. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 20.53 and a beta of 1.31. The business has a 50 day simple moving average of $127.11 and a 200-day simple moving average of $108.80.

LCI Industries (NYSE:LCII) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.53. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $963.96 million. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the business posted $1.39 earnings per share. As a group, equities research analysts expect that LCI Industries will post 6.76 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Salomon & Ludwin LLC raised its stake in shares of LCI Industries by 1,818.2% during the fourth quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in LCI Industries in the 2nd quarter valued at about $26,000. Signaturefd LLC increased its stake in LCI Industries by 591.5% during the 2nd quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after buying an additional 278 shares during the period. Financial Consulate Inc. bought a new stake in shares of LCI Industries during the 3rd quarter worth about $56,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of LCI Industries by 358.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock worth $58,000 after acquiring an additional 488 shares during the period. Institutional investors own 99.71% of the company’s stock.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.