LSI Industries (NASDAQ:LYTS) Upgraded to “Hold” at Zacks Research

LSI Industries (NASDAQ:LYTS) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on LYTS. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research report on Tuesday, January 27th. Canaccord Genuity Group increased their target price on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of LSI Industries from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.33.

LSI Industries Stock Performance

NASDAQ LYTS opened at $18.60 on Monday. The company has a market capitalization of $579.07 million, a price-to-earnings ratio of 22.68 and a beta of 0.22. 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 has a twelve month low of $13.77 and a twelve month high of $24.75. The stock has a fifty day simple moving average of $20.99 and a 200 day simple moving average of $20.69.

LSI Industries (NASDAQ:LYTS) last announced its earnings results 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 return on equity of 10.90% and a net margin of 4.34%.The firm had revenue of $147.00 million for the quarter, compared to the consensus estimate of $140.11 million. Sell-side analysts expect that LSI Industries will post 0.7 EPS for the current year.

Institutional Investors Weigh In On LSI Industries

Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in LSI Industries by 205.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after purchasing an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of LSI Industries by 57.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after buying an additional 625 shares in the last quarter. Strs Ohio acquired a new stake in shares of LSI Industries during the 1st quarter worth approximately $34,000. New York State Teachers Retirement System acquired a new stake in shares of LSI Industries during the 4th quarter worth approximately $36,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of LSI Industries in the 3rd quarter valued at $38,000. Institutional investors and hedge funds 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.