LCI Industries (NYSE:LCII) Downgraded to "Hold" Rating by StockNews.com

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

Several other research analysts have also recently weighed in on LCII. Truist Financial boosted their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a research report on Monday, February 10th. CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $121.50.

LCI Industries Stock Performance

LCII traded up $0.60 during midday trading on Friday, reaching $111.12. The company's stock had a trading volume of 41,375 shares, compared to its average volume of 259,685. The stock has a market cap of $2.83 billion, a P/E ratio of 21.65 and a beta of 1.44. LCI Industries has a twelve month low of $96.18 and a twelve month high of $129.38. The company has a fifty day simple moving average of $105.84 and a 200 day simple moving average of $112.81. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

LCI Industries (NYSE:LCII - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. Research analysts expect that LCI Industries will post 5.51 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jason Lippert sold 10,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total transaction of $1,260,000.00. Following the sale, the chief executive officer now owns 373,145 shares in the company, valued at $47,016,270. The trade was a 2.61 % decrease in their position. 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

A number of institutional investors have recently made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new stake in LCI Industries in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC increased its position in shares of LCI Industries by 205.8% during the fourth 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 holdings in LCI Industries by 345.6% during the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after acquiring an additional 311 shares during the period. Blue Trust Inc. boosted its position in LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company's stock worth $47,000 after purchasing an additional 361 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in LCI Industries in the 3rd quarter valued at $49,000. 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.