LCI Industries (NYSE: LCII ) Set New $107.00 Price Target at DA Davidson | Rare Techy

LCI Industries (NYSE:LCII – Get Ratings) research analysts at DA Davidson cut their price target from $131.00 to $107.00 in a report issued on Wednesday, The Fly reports. DA Davidson’s target price suggests a potential upside of 2.91% from the current price.

A number of other equities research analysts have also issued comments on the stock. Robert W. Baird reduced their price target on shares of LCI Industries from $155.00 to $130.00 in a report on Wednesday. MKM Partners lowered their price target on shares of LCI Industries from $153.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, October 3rd. StockNews.com upgraded shares of LCI Industries from a “hold” rating to a “buy” rating in a report on Monday. Finally, Truist Financial reduced their price target on shares of LCI Industries from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. , October 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $124.75.

LCI Labor Cost Industry

Shares of LCII opened at $103.97 on Wednesday. The company has a market capitalization of $2.64 billion, a P/E ratio of 5.34 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 2.66 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $107.74 and a 200 day moving average of $113.83. LCI Industries has a twelve month low of $92.86 and a twelve month high of $163.33.

LCI Industries (NYSE:LCII – Get Ratings ) posted its earnings results on Tuesday, August 2nd. The company reported $6.06 earnings per share (EPS) for the quarter, up from the consensus estimate of $5.17 by $0.89. LCI Industries had a net margin of 8.93% and an operating margin of 41.58%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.40 billion. As a group, equities research analysts forecast that LCI Industries will post 18.58 earnings per share for the current fiscal year.

Outputs and Outputs

A number of large investors changed their holdings in the company. Raymond James Trust NA lifted its stake in shares of LCI Industries by 2.8% in the first quarter. Raymond James Trust NA now owns 3,427 shares of the company’s stock valued at $355,000 after buying an additional 94 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of LCI Industries by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock valued at $1,310,000 after buying an additional 100 shares in the last quarter. The Nova Scotia bank raised its position in shares of LCI Industries by 0.4% during the second quarter. Bank of Nova Scotia now owns 25,705 shares of the company’s stock valued at $2,880,000 after buying an additional 113 shares in the last quarter. Raised by Hennion & Walsh Asset Management Inc. its stake in shares of LCI Industries by 4.6% in the first quarter. It is now owned by Hennion & Walsh Asset Management Inc. now owns 2,734 shares of the company’s stock valued at $284,000 after buying an additional 120 shares in the last quarter. Finally, Shaker Investments LLC OH lifted its stake in shares of LCI Industries by 1.9% in the first quarter. Shaker Investments LLC OH now owns 7,096 shares of the company’s stock valued at $737,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

For LCI Industries

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LCI Industries, and its subsidiaries, manufactures and supplies components for recreational vehicle (RV) manufacturers and related industries in the United States and around the world. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes various mechanical components, such as steel chassis and related components; axles and suspension solutions; mitigation measures and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic static and balancing systems; entry, trunk, patio, and patio doors; furniture and bedding; electric and manual access steps; awnings and awning accessories; pulled fruit; truck equipment; electrical components; tools; gas air; television and sound systems; and other equipment.

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