LSI Industries (NASDAQ:LYTS) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of LSI Industries (NASDAQ:LYTS) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

A number of other brokerages have also recently issued reports on LYTS. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a report on Tuesday, January 27th. Zacks Research lowered shares of LSI Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Finally, Canaccord Genuity Group upped their price target on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, LSI Industries has a consensus rating of “Hold” and a consensus price target of $28.33.

LSI Industries Price Performance

LYTS stock opened at $22.48 on Friday. The stock has a market cap of $699.80 million, a price-to-earnings ratio of 27.41 and a beta of 0.20. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.21. The company has a 50 day simple moving average of $20.18 and a 200 day simple moving average of $20.83. LSI Industries has a 1 year low of $13.77 and a 1 year high of $24.75.

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

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 2nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. LSI Industries’s dividend payout ratio is currently 24.39%.

Institutional Trading of LSI Industries

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of LSI Industries by 205.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after purchasing an additional 1,031 shares during the period. Strs Ohio bought a new stake in LSI Industries in the first quarter worth approximately $34,000. New York State Teachers Retirement System bought a new stake in LSI Industries in the fourth quarter worth approximately $36,000. State of Alaska Department of Revenue acquired a new position in LSI Industries in the third quarter valued at approximately $38,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of LSI Industries during the 2nd quarter worth approximately $47,000. Institutional investors own 73.91% of the company’s stock.

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.