LCI Industries (NYSE:LCII) Stock Rating Upgraded by Zacks Research

LCI Industries (NYSE:LCII) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

LCII has been the topic of a number of other research reports. Truist Financial boosted their target price on LCI Industries from $88.00 to $91.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Loop Capital assumed coverage on LCI Industries in a research note on Friday, October 31st. They issued a “buy” rating and a $116.00 target price on the stock. Wall Street Zen upgraded LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. Finally, BMO Capital Markets upgraded LCI Industries from an “underperform” rating to a “market perform” rating and set a $110.00 target price on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.67.

LCI Industries Stock Performance

Shares of LCII opened at $106.88 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 2.80. The stock has a 50 day moving average price of $96.31 and a two-hundred day moving average price of $93.76. The firm has a market capitalization of $2.59 billion, a P/E ratio of 17.84 and a beta of 1.34. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38.

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

Institutional Investors Weigh In On LCI Industries

Several institutional investors have recently made changes to their positions in the stock. Entropy Technologies LP purchased a new stake in LCI Industries in the first quarter worth about $410,000. Teacher Retirement System of Texas lifted its holdings in LCI Industries by 136.5% in the first quarter. Teacher Retirement System of Texas now owns 9,503 shares of the company’s stock worth $831,000 after buying an additional 5,484 shares during the period. Russell Investments Group Ltd. lifted its holdings in LCI Industries by 93,707.4% in the first quarter. Russell Investments Group Ltd. now owns 25,328 shares of the company’s stock worth $2,214,000 after buying an additional 25,301 shares during the period. Allianz Asset Management GmbH lifted its holdings in LCI Industries by 16.0% in the first quarter. Allianz Asset Management GmbH now owns 20,347 shares of the company’s stock worth $1,779,000 after buying an additional 2,800 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in LCI Industries in the first quarter worth about $825,000. Hedge funds and other 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.