LSI Industries, Inc. (NASDAQ:LYTS) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. LSI Industries’ rating score has improved by 50% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a 12-month consensus target price of $8.60 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned LSI Industries an industry rank of 197 out of 255 based on the ratings given to its competitors.

LYTS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of LSI Industries from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Roth Capital raised shares of LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, August 16th. Finally, TheStreet lowered shares of LSI Industries from a “c-” rating to a “d+” rating in a report on Wednesday, August 15th.

In related news, CEO Ronald D. Brown acquired 5,000 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was bought at an average cost of $5.30 per share, with a total value of $26,500.00. Following the acquisition, the chief executive officer now directly owns 5,000 shares in the company, valued at $26,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Allan Steele acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were bought at an average cost of $5.24 per share, with a total value of $52,400.00. Following the completion of the acquisition, the director now owns 24,439 shares in the company, valued at $128,060.36. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 34,745 shares of company stock valued at $179,239. 6.37% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in LYTS. Millennium Management LLC boosted its holdings in shares of LSI Industries by 253.5% in the 2nd quarter. Millennium Management LLC now owns 564,711 shares of the construction company’s stock valued at $3,016,000 after buying an additional 404,950 shares during the period. Putnam Investments LLC acquired a new position in shares of LSI Industries in the 2nd quarter valued at about $803,000. Paloma Partners Management Co acquired a new position in shares of LSI Industries in the 2nd quarter valued at about $640,000. BlackRock Inc. boosted its holdings in shares of LSI Industries by 6.7% in the 1st quarter. BlackRock Inc. now owns 1,816,296 shares of the construction company’s stock valued at $14,729,000 after buying an additional 113,931 shares during the period. Finally, Mackay Shields LLC acquired a new position in shares of LSI Industries in the 1st quarter valued at about $880,000. 70.29% of the stock is owned by institutional investors.

LYTS traded up $0.01 during trading hours on Friday, reaching $4.76. 106,221 shares of the stock traded hands, compared to its average volume of 86,832. The firm has a market cap of $122.06 million, a price-to-earnings ratio of 21.64, a PEG ratio of 0.48 and a beta of 1.56. LSI Industries has a fifty-two week low of $4.14 and a fifty-two week high of $8.88. The company has a current ratio of 2.61, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 16th. The construction company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $83.41 million during the quarter, compared to analyst estimates of $81.20 million. LSI Industries had a negative net margin of 5.71% and a positive return on equity of 4.02%. analysts forecast that LSI Industries will post 0.4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Monday, August 27th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.20%. The ex-dividend date was Friday, August 24th. LSI Industries’s dividend payout ratio is currently 90.91%.

About LSI Industries

LSI Industries, Inc provides corporate visual image solutions through the combination of digital and screen graphics capabilities, a variety of indoor and outdoor lighting products, lighting control systems, and related professional services. It operates through the following business segments: Lighting, Graphics, and Technology.

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