LCI Industries (NYSE:LCII) Stock Price Up 4.9% After Better-Than-Expected Earnings

LCI Industries (NYSE:LCII - Get Free Report)'s stock price shot up 4.9% on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $107.85 and last traded at $106.99. 88,733 shares traded hands during trading, a decline of 62% from the average session volume of 233,382 shares. The stock had previously closed at $101.98.

The company reported $0.37 earnings per share (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%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LCII. Truist Financial raised their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a report on Monday. StockNews.com raised shares of LCI Industries from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, CJS Securities raised shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 target price on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.20.

Insider Activity

In other news, CEO Jason Lippert sold 10,000 shares of LCI Industries stock in a transaction dated 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 sale, the chief executive officer now owns 373,145 shares of the company's stock, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LCII. Norges Bank purchased a new position in LCI Industries during the 4th quarter valued at about $26,402,000. Royce & Associates LP lifted its position in LCI Industries by 46.1% during the 4th quarter. Royce & Associates LP now owns 546,623 shares of the company's stock valued at $56,515,000 after acquiring an additional 172,586 shares during the period. Dimensional Fund Advisors LP lifted its position in LCI Industries by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,237,119 shares of the company's stock valued at $127,904,000 after acquiring an additional 87,764 shares during the period. Bank of New York Mellon Corp lifted its position in LCI Industries by 29.2% during the 4th quarter. Bank of New York Mellon Corp now owns 357,629 shares of the company's stock valued at $36,975,000 after acquiring an additional 80,784 shares during the period. Finally, Vanguard Group Inc. lifted its position in LCI Industries by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock valued at $301,203,000 after acquiring an additional 56,794 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

LCI Industries Stock Performance

The company has a market capitalization of $2.81 billion, a PE ratio of 21.56 and a beta of 1.44. The business's 50-day moving average is $106.31 and its 200-day moving average is $112.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88.

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.