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

Shares of LSI Industries Inc. (NASDAQ:LYTS) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $28.75.

A number of brokerages recently weighed in on LYTS. Weiss Ratings upgraded LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Oppenheimer initiated coverage on shares of LSI Industries in a report on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 target price for the company.

Insider Activity

In other news, Director Wilfred T. Ogara sold 10,369 shares of LSI Industries stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.09, for a total value of $249,789.21. Following the transaction, the director owned 103,686 shares of the company’s stock, valued at $2,497,795.74. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas A. Caneris sold 109,226 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the transaction, the executive vice president owned 64,790 shares of the company’s stock, valued at approximately $1,573,749.10. This trade represents a 62.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 256,173 shares of company stock worth $6,220,368. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On LSI Industries

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 12,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after buying an additional 1,113 shares during the last quarter. Jane Street Group LLC purchased a new position in LSI Industries during the 1st quarter worth $560,000. Strs Ohio purchased a new position in LSI Industries during the 1st quarter worth $34,000. Finally, Quantbot Technologies LP increased its position in LSI Industries by 133.3% during the 2nd quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock valued at $95,000 after buying an additional 3,206 shares in the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Stock Up 3.1%

Shares of NASDAQ LYTS opened at $24.12 on Tuesday. LSI Industries has a 12-month low of $17.20 and a 12-month high of $27.36. The stock’s fifty day simple moving average is $24.62 and its two-hundred day simple moving average is $22.41. The stock has a market capitalization of $885.49 million, a PE ratio of 32.16 and a beta of 0.53. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

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.