LSI Industries Inc. (NASDAQ:LYTS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

LSI Industries Inc. (NASDAQ:LYTS) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.3333.

A number of research firms have recently commented on LYTS. HC Wainwright reaffirmed a “buy” rating and set a $30.00 target price on shares of LSI Industries in a research note on Tuesday, January 27th. Canaccord Genuity Group increased their price objective on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of LSI Industries in a research note on Friday, May 8th. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

LSI Industries Trading Up 0.2%

LYTS opened at $22.75 on Thursday. The stock has a market cap of $835.15 million, a price-to-earnings ratio of 30.33 and a beta of 0.54. The stock’s 50 day moving average price is $20.83 and its 200-day moving average price is $20.35. LSI Industries has a one year low of $15.31 and a one year high of $24.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). The business had revenue of $150.53 million for the quarter, compared to the consensus estimate of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. On average, equities analysts forecast that LSI Industries will post 0.81 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.20 annualized dividend and a yield of 0.9%. LSI Industries’s dividend payout ratio is 26.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LYTS. AQR Capital Management LLC grew its stake in LSI Industries by 26.7% in the first quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 12,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LSI Industries by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after purchasing an additional 1,113 shares in the last quarter. Jane Street Group LLC bought a new position in LSI Industries in the first quarter worth approximately $560,000. Strs Ohio bought a new position in LSI Industries in the first quarter worth approximately $34,000. Finally, Quantbot Technologies LP grew its stake in LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after purchasing an additional 3,206 shares in the last quarter. 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.