LHM Inc. Acquires 43,158 Shares of XPEL, Inc. (NASDAQ:XPEL)

Key Points

• LHM Inc. increased its stake in XPEL, Inc. by 35.3% during the first quarter, now holding 165,511 shares valued at approximately $4.86 million.
• XPEL reported $0.59 earnings per share for the last quarter, exceeding analyst estimates of $0.52, with a revenue of $124.71 million.
• The company has initiated a $50 million share buyback program, indicating the board's belief that its stock is undervalued.

LHM Inc. boosted its position in XPEL, Inc. (NASDAQ:XPEL - Free Report) by 35.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,511 shares of the company's stock after acquiring an additional 43,158 shares during the quarter. XPEL accounts for 1.6% of LHM Inc.'s holdings, making the stock its 15th largest holding. LHM Inc. owned 0.60% of XPEL worth $4,863,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XPEL. Public Sector Pension Investment Board grew its stake in shares of XPEL by 27.4% during the first quarter. Public Sector Pension Investment Board now owns 71,920 shares of the company's stock worth $2,113,000 after buying an additional 15,458 shares during the last quarter. Nuveen LLC bought a new stake in shares of XPEL during the first quarter worth $2,714,000. Invesco Ltd. grew its stake in shares of XPEL by 13.0% during the first quarter. Invesco Ltd. now owns 57,042 shares of the company's stock worth $1,676,000 after buying an additional 6,562 shares during the last quarter. Cynosure Group LLC grew its stake in shares of XPEL by 54.5% in the first quarter. Cynosure Group LLC now owns 11,247 shares of the company's stock worth $330,000 after purchasing an additional 3,969 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in shares of XPEL by 121.2% in the first quarter. XTX Topco Ltd now owns 18,415 shares of the company's stock worth $541,000 after purchasing an additional 10,091 shares during the last quarter. 75.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on XPEL shares. Zacks Research raised shares of XPEL to a "strong sell" rating in a research note on Friday, August 8th. Wall Street Zen cut shares of XPEL from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

XPEL Stock Down 1.0%

XPEL traded down $0.39 during trading on Friday, reaching $37.34. 113,039 shares of the stock traded hands, compared to its average volume of 211,744. The stock has a market capitalization of $1.03 billion, a PE ratio of 21.22 and a beta of 1.83. The stock's 50-day moving average is $35.94 and its 200 day moving average is $34.44. XPEL, Inc. has a 12 month low of $24.25 and a 12 month high of $47.23.

XPEL (NASDAQ:XPEL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.07. The business had revenue of $124.71 million for the quarter, compared to analysts' expectations of $118.37 million. XPEL had a net margin of 10.84% and a return on equity of 21.17%. The business's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, equities research analysts anticipate that XPEL, Inc. will post 1.73 EPS for the current year.

XPEL declared that its board has initiated a share buyback program on Tuesday, May 6th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

XPEL Profile

XPEL, Inc sells, distributes, and installs protective films and coatings worldwide. The company offers automotive surface and paint protection film, headlight protection, and automotive and architectural window films, as well as proprietary DAP software. It also provides pre-cut film products, merchandise and apparel, ceramic coatings, and tools and accessories.