LSI Industries (NASDAQ:LYTS) received a $7.00 price objective from Roth Capital in a research note issued on Thursday. The firm presently has a “hold” rating on the construction company’s stock. Roth Capital’s target price suggests a potential downside of 2.91% from the stock’s current price.

A number of other equities analysts have also commented on LYTS. Zacks Investment Research lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 target price on shares of LSI Industries in a research report on Thursday, October 26th.

Shares of LSI Industries (LYTS) traded up $0.30 during midday trading on Thursday, reaching $7.21. 182,301 shares of the company’s stock traded hands, compared to its average volume of 73,202. The company has a current ratio of 2.64, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $185.96, a P/E ratio of 35.40, a P/E/G ratio of 1.42 and a beta of 1.68. LSI Industries has a twelve month low of $4.99 and a twelve month high of $10.68.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, October 26th. The construction company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The business had revenue of $87.47 million during the quarter, compared to the consensus estimate of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. research analysts predict that LSI Industries will post 0.2 earnings per share for the current fiscal year.

In related news, VP Howard E. Japlon bought 5,000 shares of LSI Industries stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of $6.88 per share, with a total value of $34,400.00. Following the completion of the transaction, the vice president now owns 23,500 shares in the company, valued at approximately $161,680. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP James E. Galeese bought 7,641 shares of LSI Industries stock in a transaction dated Wednesday, December 6th. The shares were bought at an average cost of $6.54 per share, for a total transaction of $49,972.14. Following the completion of the transaction, the vice president now owns 2,379 shares of the company’s stock, valued at approximately $15,558.66. The disclosure for this purchase can be found here. Company insiders own 6.37% of the company’s stock.

Several large investors have recently modified their holdings of LYTS. Genesee Valley Trust Co. purchased a new position in shares of LSI Industries during the second quarter worth approximately $103,000. Citadel Advisors LLC purchased a new position in LSI Industries during the third quarter valued at approximately $112,000. Dynamic Technology Lab Private Ltd purchased a new position in LSI Industries during the third quarter valued at approximately $151,000. Alliancebernstein L.P. purchased a new position in LSI Industries during the second quarter valued at approximately $152,000. Finally, PNC Financial Services Group Inc. increased its holdings in LSI Industries by 118.0% during the second quarter. PNC Financial Services Group Inc. now owns 17,739 shares of the construction company’s stock valued at $159,000 after buying an additional 9,600 shares during the period. 73.18% of the stock is currently owned by institutional investors and hedge funds.

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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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