Benchmark Has Lowered Expectations for LCI Industries (NYSE:LCII) Stock Price

LCI Industries (NYSE:LCII) had its price target cut by research analysts at Benchmark from $175.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 29.88% from the stock’s current price.

A number of other analysts also recently weighed in on LCII. Wall Street Zen downgraded shares of LCI Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Roth Mkm raised shares of LCI Industries from a “neutral” rating to a “buy” rating and set a $164.00 price target for the company in a report on Wednesday. Truist Financial reduced their price target on shares of LCI Industries from $147.00 to $135.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Robert W. Baird set a $140.00 price target on shares of LCI Industries in a report on Wednesday. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price target on shares of LCI Industries in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $149.29.

LCI Industries Stock Performance

Shares of NYSE LCII traded up $3.46 during trading hours on Wednesday, hitting $115.49. 147,980 shares of the stock were exchanged, compared to its average volume of 370,182. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 1.14. The company’s 50 day moving average is $124.81 and its 200 day moving average is $124.06. The firm has a market capitalization of $2.80 billion, a P/E ratio of 15.30 and a beta of 1.21. LCI Industries has a one year low of $82.29 and a one year high of $159.66.

LCI Industries (NYSE:LCII) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.37. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. LCI Industries had a net margin of 4.57% and a return on equity of 13.55%. LCI Industries’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.19 EPS. LCI Industries has set its FY 2026 guidance at 8.750-9.250 EPS. On average, research analysts expect that LCI Industries will post 8.78 EPS for the current year.

Insider Activity

In other news, insider Ryan Richard Smith sold 20,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $147.81, for a total value of $2,956,200.00. Following the completion of the transaction, the insider owned 10,092 shares in the company, valued at approximately $1,491,698.52. This represents a 66.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jason Lippert sold 30,000 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $145.03, for a total transaction of $4,350,900.00. Following the completion of the transaction, the chief executive officer owned 344,973 shares of the company’s stock, valued at approximately $50,031,434.19. This represents a 8.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 90,000 shares of company stock worth $13,137,900. 3.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LCI Industries

A number of hedge funds have recently made changes to their positions in LCII. Quadrant Capital Group LLC grew its holdings in LCI Industries by 3.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,310 shares of the company’s stock worth $280,000 after acquiring an additional 71 shares during the last quarter. CIBC Asset Management Inc grew its holdings in LCI Industries by 3.3% during the 4th quarter. CIBC Asset Management Inc now owns 2,402 shares of the company’s stock worth $291,000 after acquiring an additional 76 shares during the last quarter. Huntington National Bank grew its holdings in LCI Industries by 79.8% during the 4th quarter. Huntington National Bank now owns 205 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in LCI Industries by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,559 shares of the company’s stock worth $675,000 after acquiring an additional 100 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in LCI Industries by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 7,468 shares of the company’s stock worth $696,000 after acquiring an additional 103 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

LCI Industries Company Profile

LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.

The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.