Truist Financial Lowers LCI Industries (NYSE:LCII) Price Target to $114.00

LCI Industries (NYSE:LCII) had its target price reduced by analysts at Truist Financial from $135.00 to $114.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 12.03% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Wall Street Zen cut shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Zacks Research cut shares of LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Roth Capital raised shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 target price on the stock in a research note on Wednesday, May 6th. Benchmark cut their target price on shares of LCI Industries from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. Finally, Weiss Ratings cut shares of LCI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $142.71.

LCI Industries Trading Down 3.8%

Shares of NYSE LCII traded down $4.07 during trading hours on Wednesday, hitting $101.75. The company’s stock had a trading volume of 40,072 shares, compared to its average volume of 406,373. The business has a 50-day simple moving average of $104.64 and a 200-day simple moving average of $122.74. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 12.51 and a beta of 1.18. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 2.91. LCI Industries has a 12 month low of $84.33 and a 12 month high of $159.66.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, May 5th. The company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.37. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. LCI Industries had a return on equity of 14.03% and a net margin of 4.84%.The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, analysts anticipate that LCI Industries will post 8.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LCI Industries

Several institutional investors and hedge funds have recently modified their holdings of LCII. Huntington National Bank boosted its stake in LCI Industries by 79.8% in the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Salomon & Ludwin LLC grew its position in LCI Industries by 1,818.2% during the 4th quarter. Salomon & Ludwin LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Global Retirement Partners LLC bought a new stake in LCI Industries during the 4th quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. increased its stake in LCI Industries by 358.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 624 shares of the company’s stock valued at $58,000 after purchasing an additional 488 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in LCI Industries by 36.8% during the 4th quarter. Clearstead Advisors LLC now owns 517 shares of the company’s stock valued at $63,000 after purchasing an additional 139 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

LCI Industries Company Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.