LSI Industries Inc. (NASDAQ:LYTS) Receives $28.33 Consensus PT from Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have earned an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $28.3333.

Several analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Canaccord Genuity Group increased their target price on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a research note on Tuesday, January 27th. Finally, Zacks Research cut LSI Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th.

Institutional Trading of LSI Industries

Large investors have recently added to or reduced their stakes in the business. Bailard Inc. raised its holdings in LSI Industries by 3.4% in the 4th quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock valued at $280,000 after acquiring an additional 500 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of LSI Industries by 11.8% during the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock valued at $102,000 after purchasing an additional 635 shares during the period. BNP Paribas Financial Markets raised its stake in shares of LSI Industries by 22.0% in the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock valued at $69,000 after purchasing an additional 736 shares in the last quarter. Two Sigma Investments LP lifted its position in LSI Industries by 1.2% in the third quarter. Two Sigma Investments LP now owns 59,774 shares of the construction company’s stock worth $1,411,000 after purchasing an additional 737 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $28,000 after buying an additional 1,031 shares in the last quarter. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Performance

Shares of LSI Industries stock opened at $21.88 on Tuesday. LSI Industries has a 12 month low of $13.77 and a 12 month high of $24.75. The company has a quick ratio of 1.36, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. The stock has a market cap of $681.12 million, a PE ratio of 26.68 and a beta of 0.20. The business has a fifty day simple moving average of $20.10 and a 200-day simple moving average of $20.76.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $147.00 million during the quarter, compared to the consensus estimate of $140.11 million. On average, sell-side analysts anticipate that LSI Industries will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 2nd were issued a $0.05 dividend. The ex-dividend date was Monday, February 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. 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.