LSI Industries Inc. (NASDAQ:LYTS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of LSI Industries Inc. (NASDAQ:LYTS) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $28.75.

A number of brokerages recently issued reports on LYTS. Oppenheimer began coverage on LSI Industries in a research report on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price target on the stock. Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th.

LSI Industries Price Performance

Shares of LSI Industries stock opened at $26.60 on Monday. LSI Industries has a twelve month low of $16.10 and a twelve month high of $26.69. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $23.16 and a two-hundred day simple moving average of $21.15. The stock has a market capitalization of $976.49 million, a price-to-earnings ratio of 35.47 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The business had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. Analysts forecast that LSI Industries will post 0.78 EPS for the current year.

LSI Industries Dividend Announcement

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

Insider Activity

In other news, Director Wilfred T. Ogara sold 10,369 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the completion of the transaction, the director owned 103,686 shares of the company’s stock, valued at approximately $2,497,795.74. The trade was a 9.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas A. Caneris sold 109,226 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 64,790 shares in the company, valued at $1,573,749.10. This trade represents a 62.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 256,173 shares of company stock worth $6,220,368. 7.30% of the stock is currently owned by corporate insiders.

Institutional Trading of LSI Industries

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of LSI Industries by 26.7% in the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 12,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 purchasing an additional 1,113 shares in the last quarter. Jane Street Group LLC bought a new position in LSI Industries in the first quarter valued at about $560,000. Strs Ohio bought a new position in LSI Industries in the first quarter valued at about $34,000. Finally, Quantbot Technologies LP boosted its stake in shares of LSI Industries by 133.3% during the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock valued at $95,000 after purchasing an additional 3,206 shares in the last quarter. Institutional investors and hedge funds 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.