Oppenheimer Lowers LSI Industries (NASDAQ:LYTS) Price Target to $29.00

LSI Industries (NASDAQ:LYTS) had its price target decreased by equities researchers at Oppenheimer from $30.00 to $29.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Oppenheimer’s target price suggests a potential upside of 40.64% from the stock’s current price.

Several other equities analysts have also issued reports on LYTS. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, HC Wainwright reissued a “buy” rating on shares of LSI Industries in a report on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, LSI Industries has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $20.62 on Friday. LSI Industries has a twelve month low of $17.20 and a twelve month high of $27.36. The stock’s 50 day moving average is $24.70 and its 200-day moving average is $22.71. 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 firm has a market capitalization of $756.96 million, a price-to-earnings ratio of 27.49 and a beta of 0.56.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The business had revenue of $234.62 million during the quarter, compared to analyst estimates of $222.78 million. Sell-side analysts forecast that LSI Industries will post 0.78 EPS for the current fiscal year.

Insider Activity

In related news, Director Wilfred T. Ogara sold 10,369 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.09, for a total value of $249,789.21. Following the completion of the transaction, the director directly owned 103,686 shares of the company’s stock, valued at approximately $2,497,795.74. This trade represents 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, CFO James E. Galeese sold 136,578 shares of LSI Industries stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the completion of the transaction, the chief financial officer owned 173,288 shares of the company’s stock, valued at $4,209,165.52. This represents a 44.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 256,173 shares of company stock valued at $6,220,368 over the last quarter. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On LSI Industries

Several hedge funds have recently made changes to their positions in LYTS. AQR Capital Management LLC boosted its stake in LSI Industries by 26.7% in the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 12,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LSI Industries by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock valued at $292,000 after buying an additional 1,113 shares during the period. Jane Street Group LLC bought a new stake in shares of LSI Industries during the first quarter valued at about $560,000. Strs Ohio purchased a new stake in shares of LSI Industries in the first quarter worth about $34,000. Finally, Quantbot Technologies LP lifted its holdings in shares of LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after buying an additional 3,206 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

Key LSI Industries News

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Fiscal fourth-quarter sales increased 51% year over year to $234.6 million, exceeding analyst expectations of $222.8 million. Organic growth was 8%, while full-year revenue rose 20% to a record $689.4 million. LSI Industries Reports Fiscal 2026 Fourth Quarter and Full-Year Results
• Positive Sentiment: Adjusted fourth-quarter earnings were $0.38 per diluted share, beating the $0.35 consensus estimate, with adjusted net income of $14.4 million and EBITDA of $21.2 million. Display Solutions generated $164.2 million in quarterly sales, and Lighting contributed $70.5 million. LSI Industries Earnings Report
• Positive Sentiment: The board declared a $0.05 quarterly dividend, payable September 8 to shareholders of record August 31. The dividend implies $0.20 in annual payments and an approximately 1% yield. LSI Industries Dividend Announcement
• Neutral Sentiment: Management characterized fiscal 2026 as transformational, but the earnings-call transcript will be important for investors assessing the sustainability of acquisition-related growth, organic demand and future margins. LSI Industries Q4 2026 Earnings Call Transcript
• Negative Sentiment: GAAP fourth-quarter EPS was only $0.18, down from $0.26 a year earlier, while full-year net income declined to $22.6 million from $24.4 million despite higher revenue. One earnings report cited $0.18 versus a $0.29 consensus, highlighting the difference between GAAP and adjusted results. LSI Misses Q4 Earnings Estimates
• Negative Sentiment: LSI had approximately $95 million available under its $350 million senior secured credit facility, and reported insider activity showed eight sales with no purchases during the past six months. These factors could add pressure to the stock’s valuation.

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.