6. CLEAN WATER AND SANITATION

LCI Industries (NYSE:LCII) Price Target Raised to $140.00 at Truist Financial

Written by Amanda

LCI Industries (NYSE:LCIIFree Report) had its price objective lifted by Truist Financial from $125.00 to $140.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. DA Davidson cut shares of LCI Industries from a neutral rating to an underperform rating and reduced their target price for the company from $113.00 to $91.00 in a report on Friday, October 6th. BMO Capital Markets began coverage on shares of LCI Industries in a research note on Thursday, December 7th. They issued a market perform rating and a $105.00 price target on the stock. StockNews.com began coverage on shares of LCI Industries in a research note on Thursday, October 5th. They issued a hold rating on the stock. Finally, TheStreet lowered shares of LCI Industries from a b- rating to a c rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, LCI Industries has a consensus rating of Hold and a consensus price target of $112.71.

Check Out Our Latest Stock Analysis on LCII

LCI Industries Stock Down 1.3 %

Shares of LCII opened at $119.51 on Tuesday. The stock has a market capitalization of $3.03 billion, a PE ratio of 61.60 and a beta of 1.43. LCI Industries has a 1 year low of $97.43 and a 1 year high of $137.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 2.97. The company’s 50-day simple moving average is $117.41 and its 200-day simple moving average is $120.43.

LCI Industries (NYSE:LCIIGet Free Report) last issued its earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.36). The firm had revenue of $959.32 million during the quarter, compared to analyst estimates of $1.01 billion. LCI Industries had a net margin of 1.29% and a return on equity of 3.61%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same period last year, the business earned $2.40 EPS. Analysts forecast that LCI Industries will post 3.08 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.51%. LCI Industries’s dividend payout ratio (DPR) is presently 216.50%.

Insider Transactions at LCI Industries

In related news, Director Brendan Deely sold 2,750 shares of LCI Industries stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $116.31, for a total value of $319,852.50. Following the transaction, the director now directly owns 11,629 shares in the company, valued at approximately $1,352,568.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On LCI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP grew its position in LCI Industries by 2.1% in the 2nd quarter. Royce & Associates LP now owns 498,683 shares of the company’s stock valued at $63,014,000 after buying an additional 10,183 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in LCI Industries by 1.2% in the second quarter. Congress Asset Management Co. MA now owns 56,538 shares of the company’s stock valued at $7,144,000 after acquiring an additional 676 shares during the period. Sendero Wealth Management LLC lifted its holdings in LCI Industries by 15.1% in the third quarter. Sendero Wealth Management LLC now owns 2,286 shares of the company’s stock valued at $268,000 after acquiring an additional 300 shares during the period. US Bancorp DE lifted its holdings in LCI Industries by 2.7% in the second quarter. US Bancorp DE now owns 4,203 shares of the company’s stock valued at $531,000 after acquiring an additional 109 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in LCI Industries in the third quarter valued at $1,517,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Company Profile

(Get Free Report)

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

Read More

Analyst Recommendations for LCI Industries (NYSE:LCII)



Receive News & Ratings for LCI Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for LCI Industries and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

LCI Industries (NYSE:LCIIFree Report) had its price objective lifted by Truist Financial from $125.00 to $140.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. DA Davidson cut shares of LCI Industries from a neutral rating to an underperform rating and reduced their target price for the company from $113.00 to $91.00 in a report on Friday, October 6th. BMO Capital Markets began coverage on shares of LCI Industries in a research note on Thursday, December 7th. They issued a market perform rating and a $105.00 price target on the stock. StockNews.com began coverage on shares of LCI Industries in a research note on Thursday, October 5th. They issued a hold rating on the stock. Finally, TheStreet lowered shares of LCI Industries from a b- rating to a c rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, LCI Industries has a consensus rating of Hold and a consensus price target of $112.71.

Check Out Our Latest Stock Analysis on LCII

LCI Industries Stock Down 1.3 %

Shares of LCII opened at $119.51 on Tuesday. The stock has a market capitalization of $3.03 billion, a PE ratio of 61.60 and a beta of 1.43. LCI Industries has a 1 year low of $97.43 and a 1 year high of $137.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 2.97. The company’s 50-day simple moving average is $117.41 and its 200-day simple moving average is $120.43.

LCI Industries (NYSE:LCIIGet Free Report) last issued its earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.36). The firm had revenue of $959.32 million during the quarter, compared to analyst estimates of $1.01 billion. LCI Industries had a net margin of 1.29% and a return on equity of 3.61%. The firm’s revenue was down 15.3% compared to the same quarter last year. During the same period last year, the business earned $2.40 EPS. Analysts forecast that LCI Industries will post 3.08 earnings per share for the current fiscal year.

LCI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.51%. LCI Industries’s dividend payout ratio (DPR) is presently 216.50%.

Insider Transactions at LCI Industries

In related news, Director Brendan Deely sold 2,750 shares of LCI Industries stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $116.31, for a total value of $319,852.50. Following the transaction, the director now directly owns 11,629 shares in the company, valued at approximately $1,352,568.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On LCI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royce & Associates LP grew its position in LCI Industries by 2.1% in the 2nd quarter. Royce & Associates LP now owns 498,683 shares of the company’s stock valued at $63,014,000 after buying an additional 10,183 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in LCI Industries by 1.2% in the second quarter. Congress Asset Management Co. MA now owns 56,538 shares of the company’s stock valued at $7,144,000 after acquiring an additional 676 shares during the period. Sendero Wealth Management LLC lifted its holdings in LCI Industries by 15.1% in the third quarter. Sendero Wealth Management LLC now owns 2,286 shares of the company’s stock valued at $268,000 after acquiring an additional 300 shares during the period. US Bancorp DE lifted its holdings in LCI Industries by 2.7% in the second quarter. US Bancorp DE now owns 4,203 shares of the company’s stock valued at $531,000 after acquiring an additional 109 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in LCI Industries in the third quarter valued at $1,517,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

LCI Industries Company Profile

(Get Free Report)

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

Read More

Analyst Recommendations for LCI Industries (NYSE:LCII)



Receive News & Ratings for LCI Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for LCI Industries and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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