Truist Financial Lowers LCI Industries (NYSE:LCII) Price Target to $80.00

LCI Industries (NYSE:LCII - Get Free Report) had its price target decreased by analysts at Truist Financial from $108.00 to $80.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective points to a potential upside of 3.35% from the stock's current price.

Several other equities research analysts also recently commented on LCII. CJS Securities upgraded shares of LCI Industries from a "market perform" rating to an "outperform" rating and set a $145.00 price objective for the company in a research note on Wednesday, February 12th. StockNews.com lowered LCI Industries from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Robert W. Baird reaffirmed a "neutral" rating and issued a $100.00 price objective (down from $130.00) on shares of LCI Industries in a report on Friday, April 4th. Finally, Baird R W cut LCI Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Six 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 presently has a consensus rating of "Hold" and a consensus target price of $111.60.

LCI Industries Stock Performance

Shares of LCII stock traded up $1.88 during trading hours on Monday, reaching $77.41. The company had a trading volume of 654,180 shares, compared to its average volume of 279,567. The business has a fifty day moving average price of $92.60 and a 200-day moving average price of $105.18. The firm has a market cap of $1.95 billion, a PE ratio of 13.82 and a beta of 1.36. LCI Industries has a one year low of $72.31 and a one year high of $129.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82.

LCI Industries (NYSE:LCII - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share 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%. Sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of LCI Industries by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,913,270 shares of the company's stock worth $301,203,000 after purchasing an additional 56,794 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of LCI Industries by 7.6% during the fourth 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 last quarter. Principal Financial Group Inc. lifted its stake in shares of LCI Industries by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 643,507 shares of the company's stock valued at $66,536,000 after buying an additional 11,286 shares during the period. Victory Capital Management Inc. lifted its position in LCI Industries by 2.4% during the fourth quarter. Victory Capital Management Inc. now owns 636,275 shares of the company's stock worth $65,784,000 after buying an additional 15,057 shares during the period. Finally, Geode Capital Management LLC increased its position in LCI Industries by 0.3% during the third quarter. Geode Capital Management LLC now owns 564,761 shares of the company's stock worth $68,090,000 after purchasing an additional 1,688 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

LCI Industries Company Profile

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.