LSI Industries Inc. (NASDAQ:LYTS) Given Average Rating of “Moderate Buy” by Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $29.00.

A number of research firms have issued reports on LYTS. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research report on Friday, August 21st. HC Wainwright reissued a “buy” rating on shares of LSI Industries in a research note on Friday, August 21st. Oppenheimer reduced their price target on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th.

LSI Industries Stock Performance

Shares of LYTS stock opened at $19.91 on Friday. The company has a market capitalization of $730.94 million, a P/E ratio of 29.72 and a beta of 0.52. LSI Industries has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The stock has a 50 day moving average price of $23.66 and a two-hundred day moving average price of $22.55.

LSI Industries (NASDAQ:LYTS) last issued its 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. The company had revenue of $234.62 million for the quarter, compared to the consensus estimate of $222.78 million. LSI Industries had a net margin of 3.28% and a return on equity of 8.04%. Analysts expect that LSI Industries will post 0.82 earnings per share for the current year.

LSI Industries Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Thomas A. Caneris sold 3,170 shares of LSI Industries stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $64,287.60. Following the sale, the executive vice president owned 73,109 shares of the company’s stock, valued at approximately $1,482,650.52. The trade was a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James E. Galeese sold 4,778 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $96,897.84. Following the transaction, the chief financial officer owned 185,962 shares in the company, valued at $3,771,309.36. This represents a 2.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 96,345 shares of company stock worth $1,928,267. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 purchasing an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. raised 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 worth $31,000 after purchasing an additional 625 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in LSI Industries during the second quarter valued at $31,000. Strs Ohio purchased a new position in LSI Industries during the first quarter valued at $34,000. Finally, New York State Teachers Retirement System bought a new stake in shares of LSI Industries during the 4th quarter valued at $36,000. Institutional investors own 73.91% of the company’s stock.

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.