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

by · The Cerbat Gem

LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.6667.

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group increased their target price on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LSI Industries in a research note on Monday, November 24th. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Wall Street Zen cut LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Craig Hallum restated a “buy” rating and issued a $28.00 price target on shares of LSI Industries in a research report on Friday, August 22nd.

Check Out Our Latest Report on LSI Industries

Insider Activity

In other LSI Industries news, CFO James E. Galeese sold 54,575 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $23.29, for a total value of $1,271,051.75. Following the completion of the sale, the chief financial officer directly owned 173,288 shares of the company’s stock, valued at $4,035,877.52. This trade represents a 23.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On LSI Industries

Hedge funds have recently modified their holdings of the company. PharVision Advisers LLC acquired a new stake in LSI Industries during the third quarter worth about $336,000. Polymer Capital Management US LLC grew its stake in shares of LSI Industries by 36.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 15,761 shares of the construction company’s stock valued at $372,000 after buying an additional 4,183 shares during the period. Quarry LP acquired a new stake in shares of LSI Industries during the 3rd quarter worth approximately $55,000. Mariner LLC acquired a new stake in shares of LSI Industries during the 3rd quarter worth approximately $478,000. Finally, Algert Global LLC purchased a new stake in shares of LSI Industries during the 3rd quarter valued at approximately $340,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of NASDAQ:LYTS opened at $17.98 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.17. LSI Industries has a 1 year low of $13.77 and a 1 year high of $25.50. The firm has a market capitalization of $559.05 million, a PE ratio of 22.76 and a beta of 0.25. The business’s 50 day moving average price is $21.32 and its 200-day moving average price is $19.63.

LSI Industries (NASDAQ:LYTS – Get Free Report) last posted its quarterly earnings data on Friday, September 9th. The construction company reported $0.12 EPS for the quarter. The firm had revenue of $97.02 million during the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%. As a group, equities research analysts expect that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 17th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, November 17th. LSI Industries’s dividend payout ratio is presently 25.00%.

LSI Industries Company Profile

(Get Free Report)

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.

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