LSI Industries Inc. (NASDAQ:LYTS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

LSI Industries Inc. (NASDAQ:LYTS) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $29.00.

A number of analysts have commented on the stock. Oppenheimer cut their price objective on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Morgan Stanley set a $30.00 price target on LSI Industries in a report on Friday, August 21st. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, HC Wainwright restated a “buy” rating on shares of LSI Industries in a report on Friday, August 21st.

LSI Industries Trading Down 0.6%

Shares of LYTS opened at $20.83 on Wednesday. LSI Industries has a 52-week low of $17.20 and a 52-week high of $27.36. The company has a quick ratio of 1.22, a current ratio of 1.97 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average is $21.87 and its two-hundred day moving average is $22.43. The stock has a market cap of $776.13 million, a PE ratio of 31.09 and a beta of 0.52.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $234.62 million during the quarter, compared to analyst estimates of $222.78 million. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. Research analysts forecast that LSI Industries will post 0.82 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st were paid a dividend of $0.05 per share. 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 29.85%.

Insider Activity

In other news, CFO James Galeese sold 4,778 shares of LSI Industries stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $96,897.84. Following the sale, the chief financial officer owned 185,962 shares of the company’s stock, valued at approximately $3,771,309.36. The trade was a 2.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernest W. Marshall, Jr. purchased 2,000 shares of LSI Industries stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of $19.73 per share, for a total transaction of $39,460.00. Following the transaction, the director owned 28,643 shares in the company, valued at approximately $565,126.39. This trade represents a 7.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 96,345 shares of company stock worth $1,928,267 over the last quarter. 7.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LSI Industries

Hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. boosted its position in shares of LSI Industries by 40.7% during the first quarter. North Star Investment Management Corp. now owns 276,463 shares of the construction company’s stock worth $5,142,000 after buying an additional 80,000 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in LSI Industries during the 1st quarter worth about $2,107,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in LSI Industries during the 2nd quarter valued at about $5,324,000. Globeflex Capital L P acquired a new position in LSI Industries in the 2nd quarter valued at about $5,194,000. Finally, Punch & Associates Investment Management Inc. acquired a new position in LSI Industries in the 2nd quarter valued at about $4,454,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

About LSI Industries

LSI Industries Inc (NASDAQ: LYTS) is a designer and manufacturer of commercial lighting, digital displays, and related visual communication solutions. The company serves businesses and organizations that need integrated lighting, signage, and brand presentation systems for indoor and outdoor environments.

LSI’s lighting products include LED fixtures, lighting controls, and specialized systems for applications such as retail stores, commercial and industrial facilities, sports venues, educational institutions, and outdoor spaces.