LCI Industries (NYSE:LCII) Raised to Market Perform at BMO Capital Markets

LCI Industries (NYSE:LCII) was upgraded by analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued on Monday, Marketbeat reports. The brokerage currently has a $110.00 price target on the stock. BMO Capital Markets’ price objective points to a potential upside of 3.04% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Wall Street Zen upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird raised their target price on shares of LCI Industries from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday. Loop Capital began coverage on shares of LCI Industries in a research report on Friday. They set a “buy” rating and a $116.00 target price on the stock. Roth Capital raised their target price on shares of LCI Industries from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Truist Financial raised their target price on shares of LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.50.

LCI Industries Stock Performance

Shares of LCI Industries stock opened at $106.75 on Monday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 17.82 and a beta of 1.31. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $96.31 and its two-hundred day moving average is $93.55.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The company had revenue of $1 billion for the quarter. LCI Industries had a net margin of 3.93% and a return on equity of 11.57%. Research analysts forecast that LCI Industries will post 6.76 EPS for the current fiscal year.

Institutional Investors Weigh In On LCI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in LCI Industries in the second quarter valued at $26,000. SVB Wealth LLC acquired a new stake in LCI Industries in the first quarter valued at $28,000. Signaturefd LLC lifted its holdings in LCI Industries by 591.5% in the second quarter. Signaturefd LLC now owns 325 shares of the company’s stock valued at $30,000 after acquiring an additional 278 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company’s stock worth $46,000 after buying an additional 439 shares during the last quarter. Finally, State of Wyoming acquired a new stake in LCI Industries in the 1st quarter valued at about $46,000. Institutional investors and hedge funds 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.