LCI Industries (LCII)

Apr 22, 2022Trade Ideas

Keep an eye on oversold shares of LCI Industries (LCII).

The recreational vehicle company is not only oversold at support dating back to September 2020, it’s seeing a good deal of insider buying. President and CEO Jason Lippert recently bought 9,265 shares for just over $1 million, and James Gero, who sits on the Board of Directors recently bought 10,000 shares for $1.055 million.

Even better, the stock carries a dividend yield of 3.45%, and is still growing. In fact, according to Tip Ranks, “LCII sees approximately $4.47 billion in annual sales, and has generated a 22% 5-year revenue CAGR. Earnings have also grown fast, at 16% annual CAGR over the past 5 years. The $1.2 billion that LCII reported in 4Q21 was a company record, and up a robust 55% year-over-year. Diluted EPS came in at $3.22, for 69% y/y growth.”

From a current price of $104.34, we’d like to see LCII again test $125, near-term.

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