LSI Industries Inc. (NASDAQ:LYTS) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat reports. Two 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 brokerages that have issued ratings on the stock in the last year is $29.00.

A number of analysts recently commented on LYTS shares. Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a research note on Friday, October 2nd. Morgan Stanley set a $30.00 price objective on LSI Industries in a report on Friday, August 21st. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Finally, Oppenheimer dropped their price target 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.

LSI Industries Stock Up 0.2%

LYTS stock opened at $15.96 on Thursday. The company has a quick ratio of 1.22, a current ratio of 2.00 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $20.05 and its 200-day moving average is $21.90. LSI Industries has a twelve month low of $15.83 and a twelve month high of $27.36. The firm has a market capitalization of $595.63 million, a PE ratio of 25.33 and a beta of 0.54.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, November 5th. The construction company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). LSI Industries had a return on equity of 6.75% and a net margin of 2.96%. The firm had revenue of $225.85 million during the quarter, compared to the consensus estimate of $225.00 million. Sell-side analysts expect that LSI Industries will post 0.82 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, November 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 16th. LSI Industries’s payout ratio is presently 31.75%.

Insiders Place Their Bets

In related news, CEO James Clark sold 23,706 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total value of $476,253.54. Following the sale, the chief executive officer directly owned 609,641 shares of the company’s stock, valued at $12,247,687.69. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas Caneris sold 5,560 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $111,700.40. Following the sale, the executive vice president owned 76,279 shares in the company, valued at approximately $1,532,445.11. This trade represents a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 96,345 shares of company stock valued at $1,928,267 in the last ninety days. Corporate insiders own 4.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GW&K Investment Management LLC purchased a new position in shares of LSI Industries in the 3rd quarter worth about $16,496,000. Boston Partners raised its holdings in shares of LSI Industries by 6.7% during the 3rd quarter. Boston Partners now owns 856,444 shares of the construction company’s stock valued at $17,790,000 after buying an additional 53,456 shares in the last quarter. Royce & Associates LP lifted its position in LSI Industries by 1.7% in the 3rd quarter. Royce & Associates LP now owns 1,868,276 shares of the construction company’s stock worth $38,767,000 after buying an additional 31,685 shares during the last quarter. North Star Investment Management Corp. lifted its position in LSI Industries by 0.9% in the 3rd quarter. North Star Investment Management Corp. now owns 185,193 shares of the construction company’s stock worth $3,843,000 after buying an additional 1,730 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its position in LSI Industries by 11.9% in the 3rd quarter. Annex Advisory Services LLC now owns 97,958 shares of the construction company’s stock worth $2,033,000 after buying an additional 10,431 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

About LSI Industries

LSI Industries designs and manufactures lighting, graphics and visual display solutions for commercial customers. Its offerings include indoor and outdoor LED lighting, lighting controls, poles and related components, as well as signage, graphics and display fixtures. The company serves businesses in markets such as retail, grocery, convenience stores, restaurants, automotive and industrial facilities. Its products are used to illuminate and support customer-facing spaces, including stores, fuel stations and other commercial properties.