HC Wainwright Reiterates Buy Rating for LSI Industries (NASDAQ:LYTS)

HC Wainwright reiterated their buy rating on shares of LSI Industries (NASDAQ:LYTS) in a research note published on Monday morning, Benzinga reports. HC Wainwright currently has a $20.00 target price on the construction company’s stock.

Separately, StockNews.com raised LSI Industries from a buy rating to a strong-buy rating in a research note on Saturday, February 3rd.

LSI Industries Stock Down 1.2 %

Shares of NASDAQ:LYTS opened at $14.52 on Monday. The stock’s 50-day moving average is $14.53 and its 200 day moving average is $14.16. The company has a market cap of $422.10 million, a PE ratio of 15.96 and a beta of 0.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.24. LSI Industries has a 1 year low of $11.44 and a 1 year high of $16.97.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.13. LSI Industries had a return on equity of 14.91% and a net margin of 5.71%. The firm had revenue of $109.01 million for the quarter, compared to analyst estimates of $107.70 million. Sell-side analysts anticipate that LSI Industries will post 0.89 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Monday, February 5th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. LSI Industries’s dividend payout ratio (DPR) is presently 21.98%.

Hedge Funds Weigh In On LSI Industries

Several hedge funds have recently made changes to their positions in LYTS. Annex Advisory Services LLC bought a new stake in shares of LSI Industries during the first quarter valued at approximately $1,091,000. Los Angeles Capital Management LLC boosted its position in shares of LSI Industries by 54.3% during the first quarter. Los Angeles Capital Management LLC now owns 89,483 shares of the construction company’s stock valued at $1,353,000 after purchasing an additional 31,483 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of LSI Industries by 1.4% during the fourth quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock valued at $6,640,000 after purchasing an additional 6,500 shares in the last quarter. G2 Investment Partners Management LLC boosted its position in shares of LSI Industries by 23.5% during the fourth quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock valued at $5,982,000 after purchasing an additional 80,818 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of LSI Industries by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 179,763 shares of the construction company’s stock valued at $2,531,000 after purchasing an additional 16,300 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.