LCI Industries (NYSE:LCII) Upgraded by StockNews.com to Buy Rating

LCI Industries (NYSE:LCII - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Monday.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird reduced their price target on LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Truist Financial decreased their target price on LCI Industries from $108.00 to $80.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price target on the stock in a research note on Wednesday, February 12th. Finally, Baird R W cut shares of LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $112.50.

LCI Industries Stock Performance

Shares of NYSE:LCII traded up $2.49 during trading on Monday, hitting $91.45. 493,159 shares of the stock traded hands, compared to its average volume of 305,384. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average price of $83.46 and a two-hundred day moving average price of $100.23. LCI Industries has a 52-week low of $72.31 and a 52-week high of $129.38. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 16.33 and a beta of 1.26.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.55 by $0.64. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.44 earnings per share. As a group, equities analysts predict that LCI Industries will post 6.76 EPS for the current year.

LCI Industries announced that its Board of Directors has approved a stock buyback program on Thursday, May 15th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 13.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in shares of LCI Industries during the fourth quarter worth $28,000. SVB Wealth LLC purchased a new stake in LCI Industries during the 1st quarter valued at about $28,000. Smartleaf Asset Management LLC raised its holdings in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock valued at $37,000 after acquiring an additional 247 shares during the last quarter. LRI Investments LLC lifted its stake in LCI Industries by 345.6% in the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after purchasing an additional 311 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted 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 worth $46,000 after purchasing an additional 439 shares during the last quarter. 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.