Truist Financial Issues Positive Forecast for LCI Industries (NYSE:LCII) Stock Price

LCI Industries (NYSE:LCII) had its price target increased by Truist Financial from $102.00 to $108.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 7.13% from the stock’s previous close.

Separately, StockNews.com raised shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, LCI Industries currently has an average rating of “Moderate Buy” and a consensus price target of $115.25.

LCI Industries Trading Down 0.5 %

NYSE LCII opened at $100.81 on Monday. The company has a current ratio of 2.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $107.09 and a 200 day simple moving average of $113.09. LCI Industries has a 12 month low of $96.18 and a 12 month high of $129.38. The firm has a market capitalization of $2.57 billion, a P/E ratio of 19.61 and a beta of 1.44.

LCI Industries (NYSE:LCII) last issued its quarterly earnings results on Thursday, November 7th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. LCI Industries had a net margin of 3.47% and a return on equity of 9.48%. The company had revenue of $915.50 million during the quarter, compared to analyst estimates of $922.85 million. During the same quarter last year, the business posted $1.02 EPS. LCI Industries’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, analysts predict that LCI Industries will post 5.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the completion of the transaction, the chief executive officer now owns 373,145 shares in the company, valued at $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in LCI Industries by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 411,278 shares of the company’s stock valued at $49,575,000 after buying an additional 29,192 shares during the last quarter. Nordea Investment Management AB acquired a new stake in LCI Industries in the 4th quarter worth about $2,394,000. International Assets Investment Management LLC grew its holdings in shares of LCI Industries by 5,533.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,366 shares of the company’s stock worth $1,250,000 after purchasing an additional 10,182 shares during the period. MML Investors Services LLC acquired a new position in shares of LCI Industries during the third quarter worth $260,000. Finally, Blue Trust Inc. raised its holdings in LCI Industries by 1,289.3% in the third quarter. Blue Trust Inc. now owns 389 shares of the company’s stock valued at $47,000 after acquiring an additional 361 shares in 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.