StockNews.com Downgrades LCI Industries (NYSE:LCII) to Hold

LCI Industries (NYSE:LCII - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Sunday.

A number of other equities analysts have also recently issued reports on the company. Raymond James started coverage on LCI Industries in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Truist Financial reduced their price objective on shares of LCI Industries from $108.00 to $102.00 and set a "hold" rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $111.00.

LCI Industries Stock Down 3.5 %

LCII stock traded down $3.57 during trading hours on Friday, reaching $98.67. 314,106 shares of the stock were exchanged, compared to its average volume of 198,701. The firm's 50-day moving average is $112.29 and its 200-day moving average is $113.16. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 19.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.88 and a quick ratio of 1.25. LCI Industries has a 12 month low of $96.18 and a 12 month high of $129.38.

LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. The firm had revenue of $915.50 million during the quarter, compared to analysts' expectations of $922.85 million. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. The company's revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. On average, equities research analysts expect that LCI Industries will post 5.51 earnings per share for the current year.

Insider Activity at LCI Industries

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the completion of the sale, the chief executive officer now directly owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LCI Industries

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in LCI Industries by 1,289.3% during the third quarter. Blue Trust Inc. now owns 389 shares of the company's stock worth $47,000 after acquiring an additional 361 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LCI Industries during the third quarter worth approximately $49,000. GAMMA Investing LLC increased its holdings in shares of LCI Industries by 98.2% during the third quarter. GAMMA Investing LLC now owns 549 shares of the company's stock worth $66,000 after purchasing an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of LCI Industries by 99.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 743 shares of the company's stock worth $77,000 after purchasing an additional 370 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of LCI Industries during the second quarter worth approximately $93,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.