Oppenheimer Cuts LSI Industries (NASDAQ:LYTS) Price Target to $29.00

LSI Industries (NASDAQ:LYTS) had its price target reduced by Oppenheimer from $30.00 to $29.00 in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the construction company’s stock.

A number of other research firms also recently issued reports on LYTS. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. HC Wainwright restated a “buy” rating on shares of LSI Industries in a report on Friday. Finally, Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, LSI Industries currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

LSI Industries Price Performance

NASDAQ LYTS opened at $20.34 on Friday. The company has a 50 day simple moving average of $24.59 and a 200-day simple moving average of $22.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. The firm has a market capitalization of $746.68 million, a price-to-earnings ratio of 30.36 and a beta of 0.56. LSI Industries has a 52-week low of $17.20 and a 52-week high of $27.36.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. LSI Industries had a net margin of 3.28% and a return on equity of 8.04%. The business had revenue of $234.62 million during the quarter, compared to analysts’ expectations of $222.78 million. Equities research analysts predict that LSI Industries will post 1.18 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. LSI Industries’s dividend payout ratio (DPR) is presently 29.85%.

Insider Activity at LSI Industries

In other LSI Industries news, Director Wilfred T. Ogara sold 10,369 shares of LSI Industries stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.09, for a total value of $249,789.21. Following the completion of the sale, the director directly owned 103,686 shares in the company, valued at $2,497,795.74. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas A. Caneris sold 109,226 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the completion of the sale, the executive vice president directly owned 64,790 shares of the company’s stock, valued at $1,573,749.10. This represents a 62.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 256,173 shares of company stock valued at $6,220,368. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LSI Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Bailard Inc. lifted its stake in shares of 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 period. Quantinno Capital Management LP increased its holdings in LSI Industries by 1.2% in the 1st quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock valued at $858,000 after buying an additional 536 shares during the period. New York State Teachers Retirement System increased its stake 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 acquiring an additional 554 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after buying an additional 625 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in LSI Industries by 11.8% during the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after acquiring an additional 635 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries News Summary

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Fiscal fourth-quarter revenue increased 51% year over year to $234.6 million, exceeding analysts’ $222.8 million estimate. Organic growth was 8%, led by Display Solutions sales of $164.2 million and Lighting sales of $70.5 million. LSI Industries Fiscal 2026 Results
• Positive Sentiment: Adjusted fourth-quarter EPS was $0.38, above the $0.35 consensus estimate, while adjusted net income reached $14.4 million. Full-year revenue rose 20% to a record $689.4 million, supporting the company’s growth narrative. LSI Industries Earnings Report
• Positive Sentiment: LSI declared a quarterly dividend of $0.05 per share, payable September 8 to shareholders of record August 31. The dividend provides ongoing shareholder income, although the annualized yield is approximately 1%. LSI Industries Dividend Announcement
• Neutral Sentiment: Oppenheimer lowered its price target from $30 to $29 but retained an “outperform” rating, implying substantial potential upside based on the referenced share price. The reduced target suggests a more cautious near-term outlook despite continued analyst support. Benzinga Analyst Update
• Negative Sentiment: GAAP fourth-quarter EPS was $0.18, below the $0.29 Zacks consensus and down from $0.26 a year earlier. Quarterly GAAP net income fell to $6.9 million from $8.2 million, while full-year net income declined to $22.6 million from $24.4 million. Zacks LSI Earnings Analysis
• Negative Sentiment: Recent insider activity showed eight sales and no purchases, including significant selling by executives, which may weigh on sentiment. LSI also had approximately $95 million available under its $350 million credit facility, highlighting leverage and liquidity considerations.

About LSI Industries

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.