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

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

Several other research firms have also recently commented on LCII. Robert W. Baird dropped their target price on shares of LCI Industries from $100.00 to $95.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Truist Financial upped their target price on LCI Industries from $80.00 to $88.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $114.50.

LCI Industries Stock Down 0.9%

NYSE LCII opened at $100.25 on Monday. LCI Industries has a 1 year low of $72.31 and a 1 year high of $129.38. The stock has a market capitalization of $2.53 billion, a PE ratio of 16.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.96 and a quick ratio of 1.41. The business's 50-day moving average is $90.50 and its 200 day moving average is $93.28.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.64. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $972.04 million. LCI Industries had a return on equity of 11.63% and a net margin of 4.08%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.44 EPS. Sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 15th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 13.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Trading of LCI Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in shares of LCI Industries during the first quarter valued at approximately $28,000. LRI Investments LLC boosted its stake in LCI Industries by 345.6% during the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after purchasing an additional 311 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of LCI Industries by 535.4% in 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 in the last quarter. State of Wyoming purchased a new position in shares of LCI Industries in the first quarter worth $46,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of LCI Industries by 45.5% in the first quarter. Smartleaf Asset Management LLC now owns 534 shares of the company's stock worth $47,000 after purchasing an additional 167 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

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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