LSI Industries Inc. (LYTS) – What Are Researchers Saying About This Stock?

Shares of LSI Industries Inc. (NASDAQ:LYTS) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.00.

Several analysts recently weighed in on the stock. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a research report on Friday, October 2nd. Oppenheimer dropped their price target on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. Morgan Stanley set a $30.00 price target on LSI Industries in a report on Friday, August 21st. Weiss Ratings upgraded LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded LSI Industries from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th.

Insiders Place Their Bets

In related news, CFO James Galeese sold 8,269 shares of LSI Industries stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $166,124.21. Following the sale, the chief financial officer directly owned 190,740 shares in the company, valued at $3,831,966.60. The trade was a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernest W. Marshall, Jr. purchased 2,000 shares of LSI Industries stock in a transaction dated Monday, August 24th. The stock was bought at an average cost of $19.73 per share, with a total value of $39,460.00. Following the completion of the purchase, the director owned 28,643 shares in the company, valued at approximately $565,126.39. This trade represents a 7.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 96,345 shares of company stock valued at $1,928,267 over the last three months. 4.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Annex Advisory Services LLC raised its position in shares of LSI Industries by 11.9% in the third quarter. Annex Advisory Services LLC now owns 97,958 shares of the construction company’s stock valued at $2,033,000 after purchasing an additional 10,431 shares during the period. Arizona State Retirement System bought a new position in LSI Industries in the second quarter valued at about $242,000. Ameritas Advisory Services LLC bought a new stake in shares of LSI Industries during the 2nd quarter valued at $31,000. AXQ Capital LP lifted its stake in LSI Industries by 117.7% in the second quarter. AXQ Capital LP now owns 24,007 shares of the construction company’s stock valued at $638,000 after buying an additional 12,979 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LSI Industries by 17.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,610 shares of the construction company’s stock valued at $1,106,000 after acquiring an additional 6,273 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Price Performance

Shares of NASDAQ LYTS opened at $19.93 on Friday. LSI Industries has a 1-year low of $17.20 and a 1-year high of $27.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.97 and a quick ratio of 1.22. The business’s fifty day moving average price is $20.62 and its two-hundred day moving average price is $22.59. The firm has a market capitalization of $743.59 million, a PE ratio of 29.37 and a beta of 0.48.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%. The company had revenue of $234.62 million for the quarter, compared to analysts’ expectations of $222.78 million. On average, research analysts expect that LSI Industries will post 0.82 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. LSI Industries’s dividend payout ratio is presently 29.85%.

LSI Industries Company Profile

LSI Industries Inc (NASDAQ: LYTS) designs and manufactures commercial lighting and display solutions for businesses and organizations. Its offerings include indoor and outdoor LED lighting, lighting controls, digital signage, visual display systems, and related graphics and branding products.

The company serves a range of markets, including petroleum and convenience stores, quick-service restaurants, automotive dealerships, grocery and retail locations, sports facilities, and other commercial and industrial environments.