LSI Industries (NASDAQ:LYTS) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

LSI Industries Inc. (NASDAQ:LYTS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.75 and traded as high as $25.60. LSI Industries shares last traded at $24.91, with a volume of 251,011 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on LYTS. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Oppenheimer began coverage on LSI Industries in a research note on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price target on the stock. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings upgraded shares of LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.75.

LSI Industries Stock Performance

The firm has a market capitalization of $914.45 million, a P/E ratio of 33.21 and a beta of 0.53. The company has a 50-day moving average of $24.55 and a 200-day moving average of $21.75. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

LSI Industries (NASDAQ:LYTS) last released its quarterly 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 company had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. On average, equities analysts anticipate that LSI Industries Inc. will post 0.78 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

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

Insider Buying and Selling at LSI Industries

In other news, EVP Thomas A. Caneris sold 109,226 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the transaction, the executive vice president owned 64,790 shares in the company, valued at approximately $1,573,749.10. The trade was a 62.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James E. Galeese sold 136,578 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the completion of the sale, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,209,165.52. This represents a 44.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 256,173 shares of company stock valued at $6,220,368. 7.30% of the stock is currently owned by company insiders.

Institutional Trading of LSI Industries

A number of institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings 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 acquiring an additional 1,031 shares during the period. Rockefeller Capital Management L.P. increased its holdings 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 worth $31,000 after purchasing an additional 625 shares in the last quarter. Strs Ohio acquired a new position in LSI Industries in the first quarter valued at approximately $34,000. New York State Teachers Retirement System acquired a new position in LSI Industries in the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of LSI Industries during the 2nd quarter worth approximately $47,000. Institutional investors own 73.91% of the company’s stock.

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.