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

A number of other analysts have also weighed in on the stock. MKM Partners began coverage on shares of LCI Industries in a research note on Thursday, May 5th. They issued a "buy" rating and a $153.00 price objective on the stock. Truist Financial dropped their price target on shares of LCI Industries to $135.00 in a research report on Thursday, May 26th. DA Davidson began coverage on shares of LCI Industries in a research report on Wednesday, April 13th. They set a "buy" rating and a $130.00 price target on the stock. Finally, Robert W. Baird dropped their price target on shares of LCI Industries from $175.00 to $155.00 in a research report on Wednesday, May 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LCI Industries presently has an average rating of "Buy" and a consensus price target of $143.25.

NYSE:LCII opened at $119.48 on Thursday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 7.43 and a beta of 1.40. LCI Industries has a 1-year low of $96.32 and a 1-year high of $163.33. The company's fifty day moving average price is $113.34 and its 200-day moving average price is $118.67. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.47 and a quick ratio of 0.93.

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

In other LCI Industries news, EVP Nick C. Fletcher sold 3,597 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $117.45, for a total transaction of $422,467.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

Several large investors have recently bought and sold shares of LCII. Okabena Investment Services Inc. purchased a new position in shares of LCI Industries in the fourth quarter worth about $29,000. Covestor Ltd purchased a new position in shares of LCI Industries in the fourth quarter worth about $35,000. HM Payson & Co. lifted its stake in shares of LCI Industries by 869.6% in the fourth quarter. HM Payson & Co. now owns 223 shares of the company's stock worth $35,000 after buying an additional 200 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of LCI Industries in the fourth quarter worth about $69,000. Finally, Steward Partners Investment Advisory LLC raised its stake in LCI Industries by 514.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 461 shares of the company's stock worth $72,000 after purchasing an additional 386 shares during the period. 97.77% of the stock is currently owned by hedge funds and other institutional investors.

About LCI Industries (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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