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 covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $28.3333.

LYTS has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of LSI Industries from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. HC Wainwright restated a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a report on Tuesday, January 27th. Finally, Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th.

Institutional Investors Weigh In On LSI Industries

Several institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its position in 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 purchasing an additional 625 shares during the period. Aristides Capital LLC raised its position in LSI Industries by 4.7% in the fourth quarter. Aristides Capital LLC now owns 52,516 shares of the construction company’s stock valued at $962,000 after purchasing an additional 2,350 shares during the period. Anderson Financial Strategies LLC raised its position in LSI Industries by 21.5% in the fourth quarter. Anderson Financial Strategies LLC now owns 82,387 shares of the construction company’s stock valued at $1,509,000 after purchasing an additional 14,552 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of LSI Industries during the fourth quarter worth about $214,000. Finally, Wellington Management Group LLP lifted its stake in shares of LSI Industries by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 649,378 shares of the construction company’s stock worth $11,897,000 after purchasing an additional 28,700 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Stock Performance

LSI Industries stock opened at $18.51 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 2.15. The stock has a fifty day moving average of $20.79 and a two-hundred day moving average of $20.60. The company has a market capitalization of $576.22 million, a price-to-earnings ratio of 22.57 and a beta of 0.32. LSI Industries has a fifty-two week low of $13.77 and a fifty-two week high of $24.75.

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

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.05 per share. The ex-dividend date was Monday, February 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. LSI Industries’s payout ratio is presently 24.39%.

About LSI Industries

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.