LCI Industries Buyback
OLI recorded this information on 11/1/2018
Company:
LCI Industries
Buyback:
LCII buyback
$Amount Authorized:
$150,000,000
Buyback Details:
LCI Industries (NYSE: LCII) ("LCI", or the "Company"), through its wholly-owned subsidiary, Lippert Components, Inc., supplies domestically and internationally, a broad array of engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and industrial product markets, and the related aftermarkets of those industries, today reported third quarter 2018 results. The Company also announced that its Board of Directors has authorized the repurchase of up to $150 million worth of LCI's common stock.
LCI Industries, through its wholly-owned subsidiary, Lippert Components, Inc. and its subsidiaries, supplies, domestically and internationally, a range of engineered components for the original equipment manufacturers in the recreation and transportation product markets, consisting primarily of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; boats; trains; manufactured homes; and modular housing. Co. also supplies engineered components to the related aftermarkets of these industries, primarily by selling to retail dealers, wholesale distributors, and service centers.
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Hold (1.71 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: LCII Stock Forecast Based on Zacks ABR data; powered by Xignite |