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

LCI Industries (NYSE:LCII) had its price objective reduced by equities research analysts at Truist Financial from $108.00 to $80.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 3.89% from the stock’s current price.

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

LCI Industries Price Performance

Shares of LCII opened at $77.00 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.82 and a quick ratio of 1.03. LCI Industries has a 1-year low of $72.31 and a 1-year high of $129.38. The stock has a market cap of $1.94 billion, a PE ratio of 13.75 and a beta of 1.36. The firm has a fifty day moving average price of $94.57 and a 200 day moving average price of $106.19.

LCI Industries (NYSE:LCII) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. As a group, sell-side analysts anticipate that LCI Industries will post 6.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in LCI Industries by 205.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 367 shares of the company’s stock valued at $37,000 after purchasing an additional 247 shares in the last quarter. LRI Investments LLC boosted its stake in shares of LCI Industries by 345.6% in the fourth quarter. LRI Investments LLC now owns 401 shares of the company’s stock valued at $41,000 after buying an additional 311 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of LCI Industries in the third quarter valued at approximately $49,000. Headlands Technologies LLC acquired a new position in LCI Industries during the fourth quarter worth $59,000. Finally, Blue Trust Inc. raised its position in LCI Industries by 60.2% in the fourth quarter. Blue Trust Inc. now owns 623 shares of the company’s stock worth $64,000 after acquiring an additional 234 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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.