LSI Industries, Inc. (NASDAQ:LYTS)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a research note issued to investors on Thursday. They presently have a $9.00 price objective on the construction company’s stock. Canaccord Genuity’s price target would indicate a potential upside of 38.46% from the stock’s previous close.

Several other research firms have also recently weighed in on LYTS. Zacks Investment Research cut LSI Industries from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet cut LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Finally, Roth Capital cut LSI Industries to a “hold” rating and set a $6.00 price target for the company. in a report on Thursday, August 17th.

LSI Industries (NASDAQ:LYTS) traded up 0.15% during mid-day trading on Thursday, hitting $6.50. The stock had a trading volume of 200,714 shares. The stock’s 50 day moving average price is $6.50 and its 200 day moving average price is $7.79. LSI Industries has a one year low of $4.99 and a one year high of $10.68. The firm has a market capitalization of $165.80 million, a price-to-earnings ratio of 55.08 and a beta of 1.65.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $87.47 million during the quarter, compared to analysts’ expectations of $82.45 million. LSI Industries had a return on equity of 1.75% and a net margin of 0.83%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. Analysts forecast that LSI Industries will post $0.20 EPS for the current year.

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In related news, VP James E. Galeese acquired 9,025 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $5.53 per share, for a total transaction of $49,908.25. Following the purchase, the vice president now directly owns 824 shares in the company, valued at $4,556.72. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Howard E. Japlon acquired 10,000 shares of the stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $5.90 per share, for a total transaction of $59,000.00. Following the purchase, the vice president now owns 18,500 shares in the company, valued at $109,150. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 42,525 shares of company stock valued at $249,675. 6.37% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of LYTS. Nationwide Fund Advisors increased its stake in LSI Industries by 57.2% during the 1st quarter. Nationwide Fund Advisors now owns 31,044 shares of the construction company’s stock worth $313,000 after acquiring an additional 11,302 shares during the period. Russell Investments Group Ltd. increased its stake in LSI Industries by 232.8% during the 1st quarter. Russell Investments Group Ltd. now owns 21,630 shares of the construction company’s stock worth $219,000 after acquiring an additional 15,130 shares during the period. Bank of New York Mellon Corp increased its stake in LSI Industries by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 207,912 shares of the construction company’s stock worth $2,098,000 after acquiring an additional 5,776 shares during the period. American International Group Inc. increased its stake in 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 acquiring an additional 963 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in LSI Industries by 11.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 112,608 shares of the construction company’s stock worth $1,136,000 after acquiring an additional 11,396 shares during the period. Hedge funds and other institutional investors own 77.68% of the company’s stock.

About LSI Industries

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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