Wall Street Zen Upgrades LCI Industries (NYSE:LCII) to Strong-Buy

LCI Industries (NYSE:LCII) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Roth Mkm upped their price target on shares of LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. BMO Capital Markets raised shares of LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target on the stock in a research note on Monday, November 3rd. Zacks Research cut LCI Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Robert W. Baird boosted their price objective on LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $125.20.

LCI Industries Stock Up 1.7%

Shares of LCII opened at $157.38 on Friday. The firm has a market cap of $3.81 billion, a P/E ratio of 22.01 and a beta of 1.32. LCI Industries has a 12 month low of $72.31 and a 12 month high of $159.66. The stock’s 50 day moving average is $134.87 and its two-hundred day moving average is $112.65. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Huntington National Bank boosted its stake in LCI Industries by 79.8% during the fourth quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after buying an additional 91 shares during the last quarter. Salomon & Ludwin LLC boosted its position in shares of LCI Industries by 1,818.2% during the 4th quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of LCI Industries in the fourth quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in LCI Industries during the second quarter worth about $26,000. Finally, Clearstead Advisors LLC raised its stake in LCI Industries by 36.8% during the fourth quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock worth $63,000 after purchasing an additional 139 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

LCI Industries Company Profile

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.