Brokerages Set LSI Industries Inc. (NASDAQ:LYTS) Target Price at $28.75

LSI Industries Inc. (NASDAQ:LYTS) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $28.75.

Several equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Oppenheimer assumed coverage on shares of LSI Industries in a report on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th.

LSI Industries Price Performance

LYTS stock opened at $26.60 on Monday. The firm has a market cap of $976.49 million, a PE ratio of 35.47 and a beta of 0.53. 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 firm’s fifty day moving average is $23.16 and its 200 day moving average is $21.12. LSI Industries has a one year low of $16.10 and a one year high of $26.69.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.34). The firm had revenue of $150.53 million for the quarter, compared to analyst estimates of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. On average, research analysts forecast that LSI Industries will post 0.78 EPS for the current year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s dividend payout ratio (DPR) is presently 26.67%.

Insider Buying and Selling at LSI Industries

In other LSI Industries news, EVP Thomas A. Caneris sold 109,226 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the transaction, the executive vice president directly owned 64,790 shares of the company’s stock, valued at $1,573,749.10. This trade represents a 62.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James E. Galeese sold 136,578 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the transaction, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,209,165.52. The trade was a 44.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,173 shares of company stock valued at $6,220,368 over the last ninety days. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of LSI Industries

Several large investors have recently bought and sold shares of LYTS. AltraVue Capital LLC boosted its holdings in shares of LSI Industries by 8.0% during the 4th quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after purchasing an additional 106,693 shares during the last quarter. Royce & Associates LP increased its holdings in shares of LSI Industries by 50.0% in the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock valued at $24,678,000 after purchasing an additional 348,598 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of LSI Industries by 70.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 742,592 shares of the construction company’s stock valued at $13,604,000 after purchasing an additional 306,864 shares during the last quarter. Juniper Investment Company LLC lifted its position in LSI Industries by 211.0% during the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock worth $6,256,000 after buying an additional 231,693 shares in the last quarter. Finally, Legato Capital Management LLC boosted its stake in LSI Industries by 8.7% during the fourth quarter. Legato Capital Management LLC now owns 394,103 shares of the construction company’s stock worth $7,220,000 after buying an additional 31,429 shares during the last quarter. Hedge funds and other 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.