LSI Industries (NASDAQ:LYTS) Stock Rating Lowered by StockNews.com

LSI Industries (NASDAQ:LYTS) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

Several other equities analysts have also recently issued reports on LYTS. HC Wainwright boosted their target price on shares of LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Canaccord Genuity Group increased their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

LSI Industries Price Performance

NASDAQ:LYTS opened at $16.23 on Monday. The firm’s fifty day moving average is $18.09 and its two-hundred day moving average is $18.65. The firm has a market cap of $485.62 million, a price-to-earnings ratio of 21.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. LSI Industries has a one year low of $13.63 and a one year high of $25.50.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Research analysts expect that LSI Industries will post 0.7 EPS for the current year.

Hedge Funds Weigh In On LSI Industries

A number of large investors have recently added to or reduced their stakes in LYTS. Barclays PLC grew its position in shares of LSI Industries by 117.1% in the third quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after purchasing an additional 37,660 shares during the period. Bleakley Financial Group LLC increased its stake in LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock worth $672,000 after buying an additional 24,096 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of LSI Industries during the fourth quarter valued at approximately $317,000. SG Americas Securities LLC lifted its position in shares of LSI Industries by 24.1% in the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after acquiring an additional 2,731 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of LSI Industries by 4.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock valued at $910,000 after acquiring an additional 1,876 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

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.