LSI Industries Inc. (NASDAQ:LYTS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $27.6667.

Several equities analysts have recently commented on LYTS shares. Craig Hallum restated a “buy” rating and set a $28.00 price target on shares of LSI Industries in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of LSI Industries in a research report on Monday. Canaccord Genuity Group upped their price target on shares of LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Wall Street Zen downgraded shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th.

LSI Industries Price Performance

Shares of LYTS stock opened at $18.30 on Thursday. The company has a market capitalization of $569.00 million, a P/E ratio of 23.16 and a beta of 0.25. The company’s 50-day simple moving average is $21.64 and its two-hundred day simple moving average is $19.57. LSI Industries has a one year low of $13.77 and a one year high of $25.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.17.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%.The firm had revenue of $97.02 million during the quarter. As a group, equities analysts anticipate that LSI Industries will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 17th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, November 17th. LSI Industries’s payout ratio is currently 25.00%.

Insiders Place Their Bets

In other news, CFO James E. Galeese sold 54,575 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $23.29, for a total transaction of $1,271,051.75. Following the sale, the chief financial officer owned 173,288 shares in the company, valued at approximately $4,035,877.52. The trade was a 23.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LSI Industries

A number of large investors have recently bought and sold shares of LYTS. Strs Ohio purchased a new stake in shares of LSI Industries in the 1st quarter valued at $34,000. State of Alaska Department of Revenue purchased a new stake in LSI Industries in the third quarter valued at $38,000. EverSource Wealth Advisors LLC purchased a new stake in LSI Industries in the second quarter valued at $47,000. Quarry LP acquired a new stake in LSI Industries during the 3rd quarter worth about $55,000. Finally, Russell Investments Group Ltd. raised its stake in shares of LSI Industries by 711.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,703 shares of the construction company’s stock valued at $64,000 after buying an additional 2,370 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

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.