Truist Financial Cuts LCI Industries (NYSE:LCII) Price Target to $135.00

LCI Industries (NYSE:LCII) had its price objective cut by research analysts at Truist Financial from $140.00 to $135.00 in a research report issued on Friday, FlyOnTheWall reports. Truist Financial’s price objective would indicate a potential upside of 10.73% from the company’s previous close.

LCII has been the topic of a number of other reports. CJS Securities lowered shares of LCI Industries from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 9th. StockNews.com started coverage on shares of LCI Industries in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, LCI Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.86.

LCI Industries Trading Up 3.2 %

LCII opened at $121.92 on Friday. LCI Industries has a one year low of $89.28 and a one year high of $137.07. The company has a market cap of $3.09 billion, a P/E ratio of 36.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.92 and a current ratio of 2.80. The business’s 50-day simple moving average is $126.87 and its 200-day simple moving average is $117.94.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, August 8th. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.06). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $997.16 million. LCI Industries had a net margin of 2.12% and a return on equity of 6.14%. The company’s revenue was down 33.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.06 EPS. As a group, equities research analysts expect that LCI Industries will post 4.92 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. Eagle Bay Advisors LLC acquired a new stake in LCI Industries in the second quarter valued at $28,000. CWM LLC raised its stake in shares of LCI Industries by 69.1% during the 2nd quarter. CWM LLC now owns 230 shares of the company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. Covestor Ltd raised its stake in shares of LCI Industries by 85.3% during the 1st quarter. Covestor Ltd now owns 417 shares of the company’s stock worth $43,000 after buying an additional 192 shares during the last quarter. Strs Ohio acquired a new position in shares of LCI Industries during the 1st quarter worth $54,000. Finally, Bessemer Group Inc. raised its stake in shares of LCI Industries by 105.2% during the 1st quarter. Bessemer Group Inc. now owns 669 shares of the company’s stock worth $73,000 after buying an additional 343 shares during the last quarter. 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 components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; electronic components; appliances; air conditioners; televisions and sound systems; tankless water heaters; towing products; truck accessories; and other accessories.