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LCI Industries (NYSE:LCII - Get Rating) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other equities analysts have also commented on LCII. MKM Partners started coverage on shares of LCI Industries in a report on Thursday, May 5th. They set a "buy" rating and a $153.00 price target on the stock. Robert W. Baird decreased their price target on shares of LCI Industries from $175.00 to $155.00 in a research note on Wednesday, May 11th. Truist Financial decreased their target price on shares of LCI Industries to $135.00 in a research report on Thursday, May 26th. Finally, DA Davidson assumed coverage on shares of LCI Industries in a research report on Wednesday, April 13th. They set a "buy" rating and a $130.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $143.25.

LCII stock traded up $1.69 during mid-day trading on Friday, hitting $104.53. 245,874 shares of the company were exchanged, compared to its average volume of 202,809. The business has a 50 day simple moving average of $109.52 and a 200-day simple moving average of $124.02. The company has a current ratio of 2.47, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $2.66 billion, a PE ratio of 6.50 and a beta of 1.44. LCI Industries has a 1-year low of $96.32 and a 1-year high of $163.33.

LCI Industries (NYSE:LCII - Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $7.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $3.23. The business had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.40 billion. LCI Industries had a net margin of 8.01% and a return on equity of 37.57%. The firm's quarterly revenue was up 64.4% compared to the same quarter last year. During the same period last year, the firm posted $2.93 earnings per share. Equities research analysts expect that LCI Industries will post 18.81 earnings per share for the current year.

In other LCI Industries news, insider Jamie Schnur bought 3,250 shares of the business's stock in a transaction that occurred on Thursday, March 31st. The stock was bought at an average cost of $107.79 per share, for a total transaction of $350,317.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nick C. Fletcher sold 3,597 shares of the business's stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $117.45, for a total transaction of $422,467.65. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 22,515 shares of company stock valued at $2,406,138. Corporate insiders own 3.00% of the company's stock.

Large investors have recently modified their holdings of the stock. Okabena Investment Services Inc. bought a new position in LCI Industries during the fourth quarter valued at $29,000. Wolff Wiese Magana LLC bought a new position in LCI Industries during the 4th quarter worth about $34,000. Covestor Ltd bought a new position in LCI Industries during the 4th quarter worth about $35,000. HM Payson & Co. grew its holdings in LCI Industries by 869.6% during the 4th quarter. HM Payson & Co. now owns 223 shares of the company's stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in LCI Industries by 49.4% during the 4th quarter. 1832 Asset Management L.P. now owns 375 shares of the company's stock worth $60,000 after acquiring an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 97.77% of the company's stock.

LCI Industries Company Profile (Get Rating)

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; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories.

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