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 report issued on Thursday.

Other analysts have also issued research reports about the company. Baird R W lowered LCI Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Truist Financial upped 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, February 10th. CJS Securities upgraded LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Wednesday, February 12th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $100.00 price objective (down previously from $130.00) on shares of LCI Industries in a research report on Friday, April 4th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $111.60.

LCI Industries Stock Performance

NYSE LCII traded down $0.30 during trading on Thursday, hitting $77.83. The company's stock had a trading volume of 31,288 shares, compared to its average volume of 274,195. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $94.08 and a 200 day moving average price of $105.89. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The firm has a market cap of $1.96 billion, a P/E ratio of 13.90 and a beta of 1.36.

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LCI Industries (NYSE:LCII - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. Equities research analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in LCI Industries in the fourth quarter worth $28,000. Smartleaf Asset Management LLC boosted its stake in LCI Industries by 205.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 367 shares of the company's stock worth $37,000 after acquiring an additional 247 shares in the last quarter. LRI Investments LLC grew its holdings in LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company's stock worth $41,000 after purchasing an additional 311 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of LCI Industries during the third quarter valued at approximately $49,000. Finally, Headlands Technologies LLC purchased a new stake in shares of LCI Industries in the 4th quarter worth approximately $59,000. 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.