LSI Industries Inc. (NASDAQ:LYTS) Stock Rated “Moderate Buy” by Sell-Side Analysts

LSI Industries Inc. (NASDAQ:LYTS) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $29.00.

Several equities analysts recently weighed in on the company. Oppenheimer lowered their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday, August 21st. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Weiss Ratings upgraded LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. HC Wainwright reiterated a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a research report on Friday, October 2nd. Finally, Morgan Stanley set a $30.00 price target on LSI Industries in a research note on Friday, August 21st.

LSI Industries Stock Down 2.5%

LYTS opened at $19.72 on Friday. The firm’s 50 day simple moving average is $21.02 and its two-hundred day simple moving average is $22.53. The company has a market capitalization of $735.75 million, a PE ratio of 29.43 and a beta of 0.48. LSI Industries has a 1-year low of $17.20 and a 1-year high of $27.36. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $234.62 million during the quarter, compared to the consensus estimate of $222.78 million. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. As a group, equities analysts forecast that LSI Industries will post 0.82 EPS for the current year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. LSI Industries’s payout ratio is presently 29.85%.

Insider Transactions at LSI Industries

In related news, Director Ernest W. Marshall, Jr. acquired 2,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $19.73 per share, for a total transaction of $39,460.00. Following the completion of the transaction, the director directly owned 28,643 shares in the company, valued at approximately $565,126.39. This trade represents a 7.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James E. Galeese sold 8,269 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total value of $166,124.21. Following the completion of the sale, the chief financial officer owned 190,740 shares of the company’s stock, valued at approximately $3,831,966.60. This represents a 4.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 96,345 shares of company stock valued at $1,928,267 over the last quarter. 7.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its stake in shares of LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after acquiring an additional 625 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of LSI Industries in the 2nd quarter worth about $31,000. PenderFund Capital Management Ltd. bought a new stake in shares of LSI Industries in the 2nd quarter worth about $41,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of LSI Industries in the 2nd quarter worth about $41,000. Finally, New York State Teachers Retirement System boosted its stake in shares of LSI Industries by 28.5% during the 1st quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock worth $46,000 after purchasing an additional 554 shares during the period. Institutional investors own 73.91% of the company’s stock.

About LSI Industries

LSI Industries Inc is a commercial lighting and visual solutions company headquartered in Cincinnati, Ohio. The company designs and manufactures indoor and outdoor lighting systems, digital signage, display products and related technologies for commercial and industrial customers.

Its product portfolio includes LED lighting fixtures and controls, digital displays, petroleum and convenience-store signage, canopy systems, retail graphics, and sports lighting solutions. LSI Industries serves customers in markets such as convenience stores and fuel stations, retail, grocery, commercial facilities, sports venues, and other outdoor environments.

The company’s solutions are used to support facility illumination, branding, wayfinding, advertising and customer engagement.