LCI Industries (NYSE:LCII) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of LCI Industries (NYSE:LCII) from a buy rating to a strong-buy rating in a research note published on Saturday.

Several other equities analysts have also issued reports on LCII. Loop Capital reaffirmed a “hold” rating and issued a $149.00 price target on shares of LCI Industries in a report on Thursday, January 22nd. Truist Financial set a $147.00 target price on LCI Industries in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a report on Thursday, January 22nd. Zacks Research downgraded LCI Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Roth Mkm boosted their price objective on LCI Industries from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $125.20.

LCI Industries Price Performance

LCII opened at $157.38 on Friday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 22.01 and a beta of 1.32. The company has a current ratio of 2.78, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. LCI Industries has a 12-month low of $72.31 and a 12-month high of $159.66. The business’s fifty day simple moving average is $134.87 and its 200-day simple moving average is $112.75.

Institutional Trading of LCI Industries

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in LCI Industries by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,391,159 shares of the company’s stock valued at $168,806,000 after purchasing an additional 11,726 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of LCI Industries by 7.4% during the third quarter. American Century Companies Inc. now owns 870,454 shares of the company’s stock worth $81,083,000 after buying an additional 59,734 shares in the last quarter. M&T Bank Corp raised its position in shares of LCI Industries by 8,419.2% in the fourth quarter. M&T Bank Corp now owns 739,129 shares of the company’s stock valued at $89,686,000 after buying an additional 730,453 shares during the last quarter. Royce & Associates LP raised its position in shares of LCI Industries by 8.6% in the third quarter. Royce & Associates LP now owns 672,004 shares of the company’s stock valued at $62,597,000 after buying an additional 53,405 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of LCI Industries by 1.5% in the second quarter. Geode Capital Management LLC now owns 589,603 shares of the company’s stock worth $53,772,000 after buying an additional 8,942 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

About LCI Industries

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.