LCI Industries (NYSE:LCII) Given “Buy” Rating at Benchmark

LCI Industries (NYSE:LCII)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $130.00 target price on the stock. Benchmark’s price objective indicates a potential upside of 16.73% from the stock’s previous close.

Separately, Roth Mkm raised their target price on shares of LCI Industries from $100.00 to $103.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $109.00.

LCI Industries Trading Down 0.3 %

LCII traded down $0.31 during trading hours on Wednesday, reaching $111.37. 129,694 shares of the company’s stock traded hands, compared to its average volume of 239,140. The firm has a 50-day moving average price of $106.10 and a 200 day moving average price of $111.22. The firm has a market capitalization of $2.83 billion, a PE ratio of 30.26 and a beta of 1.42. The company has a quick ratio of 1.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.63. LCI Industries has a 52-week low of $96.18 and a 52-week high of $132.33.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, August 6th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.24. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. LCI Industries had a net margin of 2.47% and a return on equity of 6.85%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, sell-side analysts predict that LCI Industries will post 6.29 EPS for the current fiscal year.

Institutional Trading of LCI Industries

A number of hedge funds have recently bought and sold shares of LCII. PNC Financial Services Group Inc. increased its holdings in shares of LCI Industries by 2.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the company’s stock valued at $554,000 after acquiring an additional 92 shares during the period. nVerses Capital LLC boosted its position in LCI Industries by 7.7% during the second quarter. nVerses Capital LLC now owns 1,400 shares of the company’s stock valued at $145,000 after purchasing an additional 100 shares in the last quarter. HM Payson & Co. grew its stake in LCI Industries by 6.4% in the first quarter. HM Payson & Co. now owns 1,755 shares of the company’s stock valued at $216,000 after purchasing an additional 105 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in LCI Industries by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,191 shares of the company’s stock worth $1,784,000 after purchasing an additional 111 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its position in shares of LCI Industries by 4.6% during the fourth quarter. QRG Capital Management Inc. now owns 2,567 shares of the company’s stock valued at $323,000 after buying an additional 113 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.