HC Wainwright Reiterates Buy Rating for LSI Industries (NASDAQ:LYTS)

LSI Industries (NASDAQ:LYTS)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They presently have a $30.00 target price on the construction company’s stock. HC Wainwright’s price target points to a potential upside of 36.49% from the stock’s current price.

A number of other brokerages also recently weighed in on LYTS. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Canaccord Genuity Group lifted their price target on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

LSI Industries Price Performance

LYTS opened at $21.98 on Tuesday. The company has a fifty day moving average price of $18.99 and a two-hundred day moving average price of $20.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.36 and a current ratio of 2.19. The firm has a market capitalization of $683.36 million, a PE ratio of 26.81 and a beta of 0.18. LSI Industries has a 52 week low of $13.77 and a 52 week high of $24.75.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. LSI Industries had a return on equity of 11.10% and a net margin of 4.34%.The business had revenue of $147.00 million during the quarter, compared to analysts’ expectations of $140.11 million. As a group, analysts anticipate that LSI Industries will post 0.7 earnings per share for the current year.

Institutional Investors Weigh In On LSI Industries

A number of institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in LSI Industries during the first quarter worth about $34,000. State of Alaska Department of Revenue bought a new position in shares of LSI Industries during the third quarter worth approximately $38,000. EverSource Wealth Advisors LLC acquired a new stake in shares of LSI Industries in the second quarter valued at approximately $47,000. Quarry LP bought a new stake in shares of LSI Industries in the third quarter valued at approximately $55,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of LSI Industries by 711.7% in the third quarter. Russell Investments Group Ltd. now owns 2,703 shares of the construction company’s stock valued at $64,000 after buying an additional 2,370 shares during the period. Institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.