LCI Industries (NYSE:LCII) Upgraded to “Outperform” at CJS Securities

CJS Securities upgraded shares of LCI Industries (NYSE:LCII) from a market perform rating to an outperform rating in a report issued on Wednesday, MarketBeat reports. They currently have $145.00 price objective on the stock.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded LCI Industries from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Truist Financial boosted their target price on LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.20.

LCI Industries Trading Up 1.3 %

Shares of NYSE LCII opened at $109.12 on Wednesday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 21.23 and a beta of 1.44. The business has a 50 day simple moving average of $106.31 and a 200 day simple moving average of $112.93. LCI Industries has a 52 week low of $96.18 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.88.

LCI Industries (NYSE:LCII) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 9.48% and a net margin of 3.47%. On average, research analysts predict that LCI Industries will post 5.51 earnings per share for the current fiscal year.

Insider Transactions at LCI Industries

In related news, CEO Jason Lippert sold 10,000 shares of the company’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 directly owns 373,145 shares in the company, valued at approximately $47,016,270. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LCII. GAMMA Investing LLC raised its stake in shares of LCI Industries by 98.2% in the third quarter. GAMMA Investing LLC now owns 549 shares of the company’s stock valued at $66,000 after purchasing an additional 272 shares in the last quarter. Creative Planning grew its position in LCI Industries by 110.8% in the third quarter. Creative Planning now owns 5,761 shares of the company’s stock valued at $694,000 after acquiring an additional 3,028 shares during the period. nVerses Capital LLC grew its position in LCI Industries by 14.3% in the third quarter. nVerses Capital LLC now owns 1,600 shares of the company’s stock valued at $193,000 after acquiring an additional 200 shares during the period. Blue Trust Inc. grew its position 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 during the period. Finally, Raymond James & Associates grew its position in LCI Industries by 4.7% in the third quarter. Raymond James & Associates now owns 308,166 shares of the company’s stock valued at $37,146,000 after acquiring an additional 13,866 shares during the period. 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.