LCI Industries (NYSE:LCII) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• LCI Industries has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive sentiment among analysts.
• The company reported earnings per share of $2.39 for the quarter, exceeding expectations and showing a revenue increase of 5.1% year-over-year.
• LCI Industries' stock price has seen a fluctuation with a one-year low of $72.31 and a high of $129.38, indicating significant market interest.

LCI Industries (NYSE:LCII - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

A number of other analysts have also weighed in on LCII. Weiss Ratings restated a "hold (c)" rating on shares of LCI Industries in a report on Saturday, September 27th. BMO Capital Markets upped their target price on LCI Industries from $80.00 to $85.00 and gave the stock an "underperform" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $103.25.

LCI Industries Trading Up 1.0%

NYSE:LCII traded up $0.98 during midday trading on Friday, hitting $94.50. The stock had a trading volume of 197,752 shares, compared to its average volume of 288,215. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.78 and a beta of 1.31. The stock has a 50-day moving average of $100.07 and a 200 day moving average of $92.22. 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 (NYSE:LCII - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.17. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $2.40 earnings per share. LCI Industries's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that LCI Industries will post 6.76 EPS for the current year.

Institutional Trading of LCI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of LCI Industries during the 2nd quarter valued at $26,000. SVB Wealth LLC purchased a new stake in shares of LCI Industries during the 1st quarter valued at $28,000. Signaturefd LLC lifted its holdings in shares of 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 purchasing an additional 278 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock valued at $46,000 after purchasing an additional 439 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of LCI Industries during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

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.

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