LSI Industries (NASDAQ:LYTS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

LSI Industries Inc. (NASDAQ:LYTS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.99 and traded as high as $22.00. LSI Industries shares last traded at $21.37, with a volume of 139,484 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LYTS shares. Canaccord Genuity Group lifted their price objective on LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen upgraded shares of LSI Industries from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Zacks Research lowered shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $30.00 price target on shares of LSI Industries in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.33.

LSI Industries Trading Down 2.7%

The business’s 50-day simple moving average is $20.53 and its two-hundred day simple moving average is $20.99. The company has a current ratio of 2.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $665.25 million, a PE ratio of 26.06 and a beta of 0.20.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 22nd. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%.The business had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $140.11 million. On average, analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 2nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, February 2nd. LSI Industries’s payout ratio is 24.39%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of LSI Industries by 205.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after purchasing an additional 1,031 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in LSI Industries in the third quarter valued at about $38,000. New York State Teachers Retirement System acquired a new stake in LSI Industries during the fourth quarter valued at approximately $36,000. Strs Ohio bought a new position in LSI Industries during the 1st quarter worth approximately $34,000. Finally, Quarry LP bought a new position in LSI Industries during the 3rd quarter worth approximately $55,000. 73.91% of the stock is owned by institutional investors and hedge funds.

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.