LCI Industries (NYSE:LCII) Upgraded to "Buy" by StockNews.com - MarketBeat

2022-09-02 20:16:00 By : Ms. River He

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

LCII has been the topic of several other reports. Robert W. Baird lowered their price objective on LCI Industries from $175.00 to $155.00 in a research report on Wednesday, May 11th. Truist Financial lowered their price objective on LCI Industries to $135.00 in a research report on Thursday, May 26th. MKM Partners initiated coverage on LCI Industries in a research report on Thursday, May 5th. They issued a "buy" rating and a $153.00 price objective on the stock. Finally, DA Davidson downgraded LCI Industries to a "neutral" rating in a research report on Tuesday, August 9th.LCI Industries Stock Performance

NYSE LCII traded down $7.02 on Friday, hitting $125.00. 99,732 shares of the company traded hands, compared to its average volume of 195,137. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.42 and a beta of 1.44. The company has a current ratio of 2.66, a quick ratio of 0.85 and a debt-to-equity ratio of 0.79. The business's 50 day moving average price is $123.74 and its 200-day moving average price is $116.94. LCI Industries has a 52-week low of $96.32 and a 52-week high of $163.33. Institutional Investors Weigh In On LCI Industries

A number of hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. lifted its position in shares of LCI Industries by 2.8% in the first quarter. Raymond James Trust N.A. now owns 3,427 shares of the company's stock worth $355,000 after buying an additional 94 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in LCI Industries by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company's stock worth $1,310,000 after acquiring an additional 100 shares during the last quarter. Bank of Nova Scotia increased its stake in LCI Industries by 0.4% during the second quarter. Bank of Nova Scotia now owns 25,705 shares of the company's stock worth $2,880,000 after acquiring an additional 113 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in LCI Industries by 4.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 2,734 shares of the company's stock worth $284,000 after acquiring an additional 120 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its stake in LCI Industries by 1.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,075 shares of the company's stock worth $1,570,000 after acquiring an additional 131 shares during the last quarter. 97.77% of the stock is currently owned by hedge funds and other institutional investors. 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.Featured StoriesGet a free copy of the StockNews.com research report on LCI Industries (LCII)Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has LegsSalesforce Stock Could Have Long Term Potential After EarningsShould AbbVie Inc. Have a Place in Your Dividend Portfolio? 

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