LSI Industries’ (LYTS) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of LSI Industries (NASDAQ:LYTS) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $30.00 target price on the construction company’s stock. HC Wainwright also issued estimates for LSI Industries’ Q4 2026 earnings at $0.41 EPS, FY2027 earnings at $1.30 EPS, FY2028 earnings at $1.79 EPS, FY2029 earnings at $2.32 EPS and FY2030 earnings at $2.67 EPS.

Several other equities analysts have also commented on LYTS. Canaccord Genuity Group upped their target price on LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $22.30 on Tuesday. The company has a market cap of $693.31 million, a PE ratio of 27.20 and a beta of 0.18. LSI Industries has a 12 month low of $13.77 and a 12 month high of $24.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.36. The company has a 50-day simple moving average of $19.27 and a 200-day simple moving average of $20.44.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. LSI Industries had a net margin of 4.34% and a return on equity of 11.10%. The business had revenue of $147.00 million for the quarter, compared to the consensus estimate of $140.11 million. On average, equities analysts anticipate that LSI Industries will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Monday, February 2nd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd. LSI Industries’s payout ratio is currently 24.39%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of LSI Industries in the third quarter worth about $849,000. Archon Capital Management LLC raised its holdings in shares of LSI Industries by 67.8% during the 2nd quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company’s stock valued at $4,846,000 after buying an additional 115,124 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in LSI Industries during the 2nd quarter worth approximately $473,000. Corton Capital Inc. acquired a new position in LSI Industries during the 2nd quarter worth approximately $253,000. Finally, Aristides Capital LLC boosted its holdings in LSI Industries by 133.5% in the 2nd quarter. Aristides Capital LLC now owns 51,600 shares of the construction company’s stock worth $878,000 after acquiring an additional 29,500 shares during the period. Hedge funds and other 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.