LCI Industries (NYSE:LCII) Rating Increased to Outperform at CJS Securities

CJS Securities upgraded shares of LCI Industries (NYSE:LCII - Free Report) from a market perform rating to an outperform rating in a report published on Wednesday, Marketbeat.com reports. They currently have $145.00 price objective on the stock.

Several other equities research analysts have also weighed in on the company. Truist Financial boosted their target price on LCI Industries from $102.00 to $108.00 and gave the stock a "hold" rating in a report on Monday, February 10th. StockNews.com upgraded LCI Industries from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $121.50.

LCI Industries Stock Up 0.9 %

Shares of LCI Industries stock traded up $0.95 during trading on Wednesday, hitting $110.42. 232,510 shares of the stock traded hands, compared to its average volume of 224,890. The stock has a market cap of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88. LCI Industries has a twelve month low of $96.18 and a twelve month high of $129.38. The company has a fifty day moving average price of $106.00 and a two-hundred day moving average price of $112.86.

LCI Industries (NYSE:LCII - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. Equities research analysts predict that LCI Industries will post 5.51 EPS for the current fiscal year.

Insider Transactions at LCI Industries

In other news, CEO Jason Lippert sold 10,000 shares of the business's stock in a transaction that occurred 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 directly owns 373,145 shares in the company, valued at approximately $47,016,270. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.50% of the company's stock.

Institutional Trading of LCI Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Lido Advisors LLC bought a new stake in shares of LCI Industries during the fourth quarter valued at approximately $201,000. Northern Trust Corp grew its position in LCI Industries by 12.9% in the fourth quarter. Northern Trust Corp now owns 319,742 shares of the company's stock valued at $33,058,000 after acquiring an additional 36,505 shares during the period. Price T Rowe Associates Inc. MD grew its position in LCI Industries by 3.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 46,645 shares of the company's stock valued at $4,823,000 after acquiring an additional 1,758 shares during the period. Dark Forest Capital Management LP bought a new stake in LCI Industries in the fourth quarter valued at $772,000. Finally, Hsbc Holdings PLC grew its position in LCI Industries by 234.5% in the fourth quarter. Hsbc Holdings PLC now owns 13,758 shares of the company's stock valued at $1,417,000 after acquiring an additional 9,645 shares during the period. 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.