LSI Industries Inc. (NASDAQ:LYTS) Given Average Recommendation of “Moderate Buy” by Analysts

LSI Industries Inc. (NASDAQ:LYTS) has earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.3333.

A number of equities research analysts recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a research report on Tuesday, January 27th. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Canaccord Genuity Group boosted their price objective on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of LSI Industries in a research note on Friday, May 8th. Finally, Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

LSI Industries Price Performance

NASDAQ:LYTS opened at $22.75 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $835.15 million, a P/E ratio of 30.33 and a beta of 0.54. LSI Industries has a 12 month low of $15.31 and a 12 month high of $24.99. The business’s 50-day moving average is $20.83 and its 200 day moving average is $20.35.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). The firm had revenue of $150.53 million during the quarter, compared to analysts’ expectations of $163.53 million. LSI Industries had a return on equity of 8.90% and a net margin of 3.91%. On average, equities research analysts forecast that LSI Industries will post 0.81 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s payout ratio is presently 26.67%.

Institutional Investors Weigh In On LSI Industries

Several large investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its stake in LSI Industries by 1.2% during the first quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock worth $858,000 after acquiring an additional 536 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in LSI Industries during the first quarter worth approximately $1,404,000. Aristides Capital LLC grew its stake in shares of LSI Industries by 96.6% during the first quarter. Aristides Capital LLC now owns 103,244 shares of the construction company’s stock valued at $1,920,000 after buying an additional 50,728 shares during the last quarter. Sei Investments Co. grew its stake in shares of LSI Industries by 259.7% during the first quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock valued at $4,917,000 after buying an additional 190,840 shares during the last quarter. Finally, State of Wyoming grew its stake in shares of LSI Industries by 58.3% during the first quarter. State of Wyoming now owns 10,500 shares of the construction company’s stock valued at $195,000 after buying an additional 3,868 shares during the last quarter. 73.91% of the stock is owned by institutional investors.

LSI Industries Company Profile

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.