Roth Capital set a $6.00 price objective on LSI Industries Inc. (NASDAQ:LYTS) in a research report sent to investors on Friday. The firm currently has a hold rating on the construction company’s stock.

A number of other analysts have also recently commented on LYTS. Canaccord Genuity reiterated a buy rating and set a $9.00 price objective on shares of LSI Industries in a research report on Monday, August 7th. Zacks Investment Research cut LSI Industries from a hold rating to a sell rating in a research report on Thursday, August 10th. Finally, TheStreet cut LSI Industries from a b- rating to a c+ rating in a research report on Thursday, August 10th.

Shares of LSI Industries (NASDAQ:LYTS) remained flat at $6.84 on Friday. The stock had a trading volume of 45,797 shares. LSI Industries has a 1-year low of $4.99 and a 1-year high of $11.00. The company’s 50-day moving average is $6.19 and its 200-day moving average is $8.09. The firm has a market capitalization of $174.47 million, a P/E ratio of 57.97 and a beta of 1.65.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $83.42 million for the quarter, compared to analysts’ expectations of $86.55 million. LSI Industries had a net margin of 0.91% and a return on equity of 3.14%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. On average, equities research analysts anticipate that LSI Industries will post $0.20 EPS for the current year.

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In related news, VP James E. Galeese purchased 16,700 shares of LSI Industries stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $100,367.00. Following the completion of the transaction, the vice president now directly owns 330 shares in the company, valued at approximately $1,983.30. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Howard E. Japlon purchased 10,000 shares of LSI Industries stock in a transaction on Thursday, September 14th. The stock was bought at an average price of $5.90 per share, with a total value of $59,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $109,150. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 42,525 shares of company stock valued at $249,675. Company insiders own 5.36% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in LSI Industries by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 22,000 shares of the construction company’s stock worth $200,000 after buying an additional 370 shares in the last quarter. Rhumbline Advisers increased its position in LSI Industries by 1.5% in the second quarter. Rhumbline Advisers now owns 29,529 shares of the construction company’s stock worth $267,000 after buying an additional 430 shares in the last quarter. UBS Group AG increased its position in LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after buying an additional 890 shares in the last quarter. American International Group Inc. increased its position in LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after buying an additional 963 shares in the last quarter. Finally, Bank of America Corp DE increased its position in LSI Industries by 4.7% in the first quarter. Bank of America Corp DE now owns 21,915 shares of the construction company’s stock worth $222,000 after buying an additional 983 shares in the last quarter. Institutional investors and hedge funds own 77.90% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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