LSI Industries (NASDAQ:LYTS) Sees Unusually-High Trading Volume – What’s Next?

LSI Industries Inc. (NASDAQ:LYTS) shares saw an uptick in trading volume on Friday . 1,011,662 shares were traded during mid-day trading, an increase of 466% from the previous session’s volume of 178,706 shares.The stock last traded at $21.7380 and had previously closed at $20.92.

Wall Street Analyst Weigh In

LYTS has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Canaccord Genuity Group raised their target price on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research note on Tuesday, January 27th. Finally, Zacks Research cut shares of LSI Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.33.

LSI Industries Stock Performance

The stock has a market capitalization of $663.35 million, a P/E ratio of 25.99 and a beta of 0.20. The stock has a 50 day simple moving average of $20.72 and a two-hundred day simple moving average of $21.02. The company has a quick ratio of 1.21, a current ratio of 2.15 and a debt-to-equity ratio of 0.11.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.17 by $0.09. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%.The company had revenue of $147.00 million during the quarter, compared to the consensus estimate of $140.11 million. On average, equities analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 2nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. LSI Industries’s dividend payout ratio (DPR) is 24.39%.

Institutional Investors Weigh In On LSI Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in LSI Industries during the third quarter worth about $10,288,000. Royce & Associates LP lifted its position in shares of LSI Industries by 50.0% in the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock valued at $24,678,000 after buying an additional 348,598 shares during the last quarter. Juniper Investment Company LLC lifted its position in shares of LSI Industries by 211.0% in the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock valued at $6,256,000 after buying an additional 231,693 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in shares of LSI Industries by 163.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock worth $8,015,000 after acquiring an additional 210,728 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of LSI Industries by 402.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 198,433 shares of the construction company’s stock worth $4,685,000 after acquiring an additional 158,934 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.