Wall Street Zen Upgrades LCI Industries (NYSE:LCII) to Strong-Buy

LCI Industries (NYSE:LCII) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

A number of other brokerages have also recently commented on LCII. Robert W. Baird increased their price target on shares of LCI Industries from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Loop Capital reiterated a “hold” rating and issued a $149.00 target price on shares of LCI Industries in a research note on Thursday. Roth Mkm lifted their price target on LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. BMO Capital Markets raised LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 price target on the stock in a research report on Monday, November 3rd. Finally, Zacks Research cut LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, LCI Industries presently has an average rating of “Hold” and an average price target of $128.50.

LCI Industries Stock Down 1.9%

Shares of NYSE:LCII traded down $2.78 during trading on Friday, hitting $147.06. 354,257 shares of the company were exchanged, compared to its average volume of 269,738. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $151.85. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 20.57 and a beta of 1.31. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $123.09 and a two-hundred day moving average price of $107.15.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.44 by $0.53. LCI Industries had a return on equity of 12.60% and a net margin of 4.49%.The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $963.96 million. During the same quarter in the prior year, the firm posted $1.39 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts anticipate that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Institutional Trading of LCI Industries

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in LCI Industries during the 1st quarter worth $588,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of LCI Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,759 shares of the company’s stock valued at $1,290,000 after acquiring an additional 643 shares in the last quarter. Empowered Funds LLC bought a new position in LCI Industries during the first quarter worth about $1,124,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in LCI Industries by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,660 shares of the company’s stock worth $6,702,000 after purchasing an additional 7,515 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in LCI Industries in the 2nd quarter worth about $235,000. 99.71% of the stock is currently owned by institutional investors.

About LCI Industries

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.