Robert W. Baird Boosts LCI Industries (NYSE:LCII) Price Target to $110.00

by · The Markets Daily

LCI Industries (NYSE:LCII – Get Free Report) had its price target hoisted by research analysts at Robert W. Baird from $95.00 to $110.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 6.35% from the stock’s previous close.

Several other analysts also recently weighed in on LCII. BMO Capital Markets lifted their target price on LCI Industries from $80.00 to $85.00 and gave the company an “underperform” rating in a research note on Wednesday, August 6th. Wall Street Zen raised LCI Industries from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Truist Financial lifted their target price on LCI Industries from $88.00 to $91.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LCI Industries in a research note on Wednesday, October 8th. Finally, Loop Capital began coverage on LCI Industries in a research note on Friday. They set a “buy” rating and a $116.00 target price on the stock. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, LCI Industries has an average rating of “Hold” and a consensus price target of $109.40.

Read Our Latest Research Report on LCII

LCI Industries Trading Up 8.1%

Shares of NYSE LCII opened at $103.43 on Friday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 17.27 and a beta of 1.31. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38. The company has a current ratio of 2.80, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $96.33 and its 200 day simple moving average is $93.22.

LCI Industries (NYSE:LCII – Get Free Report) last posted its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The firm had revenue of $1 billion for the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. Equities research analysts expect that LCI Industries will post 6.76 EPS for the current year.

Institutional Trading of LCI Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC acquired a new position in shares of LCI Industries in the 3rd quarter worth $206,000. Y Intercept Hong Kong Ltd acquired a new position in shares of LCI Industries in the 3rd quarter worth $3,430,000. Teacher Retirement System of Texas grew its holdings in shares of LCI Industries by 174.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 32,624 shares of the company’s stock worth $3,039,000 after acquiring an additional 20,741 shares during the last quarter. Covestor Ltd grew its holdings in shares of LCI Industries by 10.4% in the 3rd quarter. Covestor Ltd now owns 1,261 shares of the company’s stock worth $118,000 after acquiring an additional 119 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in shares of LCI Industries in the 3rd quarter worth $209,000. Institutional investors own 99.71% of the company’s stock.

LCI Industries Company Profile

(Get Free Report)

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.

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