LSI Industries (NASDAQ:LYTS) Receives Buy Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of LSI Industries (NASDAQ:LYTS) in a research report sent to investors on Monday, Benzinga reports. The firm currently has a $20.00 price objective on the construction company’s stock.

Separately, StockNews.com upgraded LSI Industries from a buy rating to a strong-buy rating in a research note on Saturday, February 3rd.

LSI Industries Price Performance

NASDAQ:LYTS opened at $14.52 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $14.16. The firm has a market capitalization of $422.10 million, a price-to-earnings ratio of 15.96 and a beta of 0.85. LSI Industries has a 12-month low of $11.44 and a 12-month high of $16.97.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.13. The firm had revenue of $109.01 million for the quarter, compared to analyst estimates of $107.70 million. LSI Industries had a return on equity of 14.91% and a net margin of 5.71%. On average, analysts anticipate that LSI Industries will post 0.89 earnings per share for the current year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Monday, February 5th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.38%. LSI Industries’s dividend payout ratio (DPR) is currently 21.98%.

Hedge Funds Weigh In On LSI Industries

A number of large investors have recently made changes to their positions in LYTS. EAM Investors LLC bought a new position in shares of LSI Industries during the third quarter worth approximately $2,847,000. New York State Common Retirement Fund increased its stake in shares of LSI Industries by 1,506.6% during the third quarter. New York State Common Retirement Fund now owns 163,873 shares of the construction company’s stock worth $2,602,000 after purchasing an additional 153,673 shares during the period. Legato Capital Management LLC increased its stake in shares of LSI Industries by 37.9% during the fourth quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock worth $5,301,000 after purchasing an additional 103,480 shares during the period. G2 Investment Partners Management LLC increased its stake in shares of LSI Industries by 23.5% during the fourth quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock worth $5,982,000 after purchasing an additional 80,818 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in LSI Industries during the first quarter worth approximately $1,091,000. Institutional investors own 73.91% of the company’s stock.

About LSI Industries

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.