LSI Industries (NASDAQ:LYTS) Stock Rating Lowered by Zacks Research

LSI Industries (NASDAQ:LYTS) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Canaccord Genuity Group upped their target price on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.33.

LSI Industries Stock Up 2.6%

NASDAQ:LYTS opened at $22.10 on Wednesday. The company has a market cap of $686.96 million, a price-to-earnings ratio of 26.95 and a beta of 0.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.36 and a current ratio of 2.19. LSI Industries has a 52-week low of $13.77 and a 52-week high of $24.75. The stock’s fifty day moving average price is $19.27 and its two-hundred day moving average price is $20.44.

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

Hedge Funds Weigh In On LSI Industries

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its stake in shares of LSI Industries by 11.8% in the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after buying an additional 635 shares during the period. BNP Paribas Financial Markets grew its holdings in LSI Industries by 22.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock worth $69,000 after acquiring an additional 736 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of LSI Industries by 1.2% during the third quarter. Two Sigma Investments LP now owns 59,774 shares of the construction company’s stock valued at $1,411,000 after acquiring an additional 737 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of LSI Industries by 0.9% during the second quarter. Johnson Investment Counsel Inc. now owns 117,863 shares of the construction company’s stock worth $2,005,000 after purchasing an additional 1,097 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of LSI Industries by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after buying an additional 1,113 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

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.