LSI Industries Inc. (NASDAQ:LYTS) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $7.75 price target on the construction company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.65% from the stock’s current price.

According to Zacks, “LSI Industries is an Image Solutions company, combining integrated design, manufacturing, & technology to supply its own high quality lighting fixtures and graphics elements for applications in the retail, specialty niche, & commercial markets. The Company’s Lighting Segment produces high performance products dedicated to the outdoor, architectural outdoor, indoor, architectural indoor and accent/downlight markets. The Graphics Segment provides a vast array of products and services including signage, menu board systems, active digital signage, decorative fixturing, design support, engineering & project management for custom programs for today’s retail environment. The Company’s Technology Segment develops and designs high performance light engines, digital signage and other products using LED lighting technology, including large format LED video screens for the entertainment & sports markets. LSI’s major markets are the petroleum convenience store multisite retail & the commercial industrial lighting markets. “

A number of other brokerages also recently weighed in on LYTS. Canaccord Genuity reiterated a “buy” rating and issued a $9.00 price objective on shares of LSI Industries in a research report on Monday, August 7th. TheStreet downgraded shares of LSI Industries from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Finally, Roth Capital downgraded shares of LSI Industries to a “hold” rating and set a $6.00 price objective for the company. in a research report on Thursday, August 17th.

Shares of LSI Industries (NASDAQ LYTS) traded down 0.72% during trading on Wednesday, reaching $6.88. The company had a trading volume of 59,567 shares. The company’s 50 day moving average is $6.13 and its 200-day moving average is $8.12. LSI Industries has a 1-year low of $4.99 and a 1-year high of $11.00. The stock has a market capitalization of $175.49 million, a price-to-earnings ratio of 58.31 and a beta of 1.65.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, August 17th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $83.42 million during the quarter, compared to analyst estimates of $86.55 million. LSI Industries had a return on equity of 3.14% and a net margin of 0.91%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, equities research analysts anticipate that LSI Industries will post $0.20 earnings per share for the current year.

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In related news, VP James E. Galeese purchased 9,025 shares of LSI Industries stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $5.53 per share, for a total transaction of $49,908.25. Following the transaction, the vice president now directly owns 824 shares in the company, valued at $4,556.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Howard E. Japlon purchased 10,000 shares of LSI Industries stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average price of $5.90 per share, with a total value of $59,000.00. Following the transaction, the vice president now owns 18,500 shares in the company, valued at $109,150. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 42,525 shares of company stock valued at $249,675. Insiders own 5.36% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYTS. Genesee Valley Trust Co. acquired a new position in shares of LSI Industries during the 2nd quarter worth about $103,000. American International Group Inc. raised its position in shares of LSI Industries by 7.0% during the 1st quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after purchasing an additional 963 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of LSI Industries during the 2nd quarter worth about $152,000. PNC Financial Services Group Inc. raised its position in shares of LSI Industries by 118.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,739 shares of the construction company’s stock worth $159,000 after purchasing an additional 9,600 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of LSI Industries by 19.9% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after purchasing an additional 2,645 shares during the last quarter. Hedge funds and other institutional investors own 77.90% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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