LSI Industries Inc. (NASDAQ:LYTS) Receives Average Rating of “Hold” from Brokerages

Shares of LSI Industries Inc. (NASDAQ:LYTS) have been given an average rating of “Hold” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.3333.

Several research analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a research note on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Canaccord Genuity Group upped their price objective on LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Zacks Research downgraded LSI Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded LSI Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th.

Hedge Funds Weigh In On LSI Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in LSI Industries by 205.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,031 shares during the last quarter. Strs Ohio purchased a new position in LSI Industries in the first quarter worth about $34,000. New York State Teachers Retirement System purchased a new position in LSI Industries in the fourth quarter worth about $36,000. State of Alaska Department of Revenue bought a new stake in shares of LSI Industries during the 3rd quarter valued at about $38,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of LSI Industries during the 2nd quarter valued at about $47,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Price Performance

Shares of LYTS stock opened at $19.31 on Friday. The stock has a market cap of $601.12 million, a price-to-earnings ratio of 23.55 and a beta of 0.22. The business’s fifty day moving average is $21.06 and its 200 day moving average is $21.04. LSI Industries has a twelve month low of $13.77 and a twelve month high of $24.75. 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 posted its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a net margin of 4.34% and a return on equity of 10.90%. The business had revenue of $147.00 million for the quarter, compared to analyst estimates of $140.11 million. Research analysts expect that LSI Industries will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 2nd. This represents a $0.20 annualized dividend and a yield of 1.0%. LSI Industries’s dividend payout ratio is currently 24.39%.

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.