LSI Industries (NASDAQ:LYTS) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

LSI Industries Inc. (NASDAQ:LYTS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.32 and traded as high as $24.65. LSI Industries shares last traded at $24.56, with a volume of 344,272 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LYTS shares. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a research note on Tuesday, January 27th. Finally, Canaccord Genuity Group raised their price target on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.33.

LSI Industries Stock Up 0.6%

The stock has a market cap of $764.55 million, a price-to-earnings ratio of 32.75 and a beta of 0.54. The company has a quick ratio of 1.21, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average of $20.32 and a two-hundred day moving average of $20.32.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). The company had revenue of $150.53 million for the quarter, compared to analyst estimates of $163.53 million. LSI Industries had a return on equity of 9.95% and a net margin of 3.91%. As a group, analysts predict that LSI Industries Inc. will post 0.81 EPS for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, May 4th. LSI Industries’s payout ratio is presently 26.67%.

Institutional Trading of LSI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bailard Inc. increased its holdings in LSI Industries by 3.4% in the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock valued at $280,000 after buying an additional 500 shares during the last quarter. New York State Teachers Retirement System increased its holdings in LSI Industries by 28.5% in the first quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock valued at $46,000 after buying an additional 554 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after buying an additional 625 shares during the last quarter. Osaic Holdings Inc. increased its holdings in LSI Industries by 11.8% in the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock valued at $102,000 after buying an additional 635 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in LSI Industries by 22.0% in the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock valued at $69,000 after buying an additional 736 shares during the last quarter. 73.91% of the stock is owned by institutional investors.

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.