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

LSI Industries Inc. (NASDAQ:LYTS) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $28.75.

A number of analysts have weighed in on the stock. Oppenheimer began coverage on shares of LSI Industries in a report on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price objective on the stock. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings lowered shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th.

Insider Activity at LSI Industries

In related news, EVP Thomas A. Caneris sold 109,226 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the transaction, the executive vice president owned 64,790 shares in the company, valued at $1,573,749.10. This trade represents a 62.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wilfred T. Ogara sold 10,369 shares of LSI Industries stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total value of $249,789.21. Following the transaction, the director directly owned 103,686 shares in the company, valued at approximately $2,497,795.74. This trade represents a 9.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 256,173 shares of company stock valued at $6,220,368 in the last three months. 7.30% of the stock is currently owned by company insiders.

Institutional Trading of LSI Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its stake in LSI Industries by 205.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after purchasing an additional 1,031 shares during the period. Rockefeller Capital Management L.P. increased its stake in LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after purchasing an additional 625 shares during the period. Strs Ohio purchased a new stake in shares of LSI Industries in the first quarter valued at about $34,000. New York State Teachers Retirement System purchased a new stake in shares of LSI Industries in the fourth quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of LSI Industries during the second quarter worth about $47,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

LYTS opened at $25.58 on Monday. LSI Industries has a one year low of $16.00 and a one year high of $26.56. The company has a market cap of $939.04 million, a P/E ratio of 34.11 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The business’s 50-day simple moving average is $22.45 and its 200-day simple moving average is $20.88.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.34). The business had revenue of $150.53 million for the quarter, compared to analyst estimates of $163.53 million. LSI Industries had a return on equity of 8.90% and a net margin of 3.91%. As a group, equities research analysts expect that LSI Industries will post 0.78 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s payout ratio is presently 26.67%.

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.