LSI Industries (NASDAQ:LYTS) Earns “Buy” Rating from HC Wainwright

LSI Industries (NASDAQ:LYTS)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $30.00 target price on the construction company’s stock. HC Wainwright’s price target indicates a potential upside of 39.34% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Canaccord Genuity Group raised their target price on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, LSI Industries presently has an average rating of “Moderate Buy” and an average price target of $28.33.

LSI Industries Stock Down 2.8%

Shares of NASDAQ:LYTS opened at $21.53 on Tuesday. LSI Industries has a 1 year low of $13.77 and a 1 year high of $24.75. The company has a market capitalization of $669.37 million, a PE ratio of 26.26 and a beta of 0.18. The business has a fifty day moving average price of $19.17 and a two-hundred day moving average price of $20.43. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.36.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, January 22nd. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $140.11 million. LSI Industries had a net margin of 4.34% and a return on equity of 11.10%. Analysts forecast that LSI Industries will post 0.7 earnings per share for the current year.

Hedge Funds Weigh In On LSI Industries

Several hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new stake in LSI Industries during the 3rd quarter worth about $38,000. Strs Ohio purchased a new position in LSI Industries during the 1st quarter valued at about $34,000. Quarry LP bought a new stake in shares of LSI Industries during the third quarter valued at about $55,000. Russell Investments Group Ltd. lifted its holdings in shares of LSI Industries by 711.7% in the third quarter. Russell Investments Group Ltd. now owns 2,703 shares of the construction company’s stock worth $64,000 after buying an additional 2,370 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of LSI Industries in the second quarter worth about $47,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

About LSI Industries

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.