LSI Industries (NASDAQ:LYTS) Stock Passes Above 200-Day Moving Average – Time to Sell?

LSI Industries Inc. (NASDAQ:LYTS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.91 and traded as high as $23.93. LSI Industries shares last traded at $23.37, with a volume of 124,230 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LYTS shares. Zacks Research cut LSI Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Weiss Ratings upgraded shares of LSI Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Wall Street Zen raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 24th. Craig Hallum reaffirmed a “buy” rating and issued a $28.00 target price on shares of LSI Industries in a report on Friday, August 22nd. Finally, Canaccord Genuity Group increased their target price on shares of LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.67.

LSI Industries Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.17 and a current ratio of 1.99. The stock’s fifty day moving average price is $22.78 and its 200-day moving average price is $18.91. The firm has a market cap of $714.42 million, a PE ratio of 29.58 and a beta of 0.26.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share for the quarter. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. The company had revenue of $97.02 million for the quarter. As a group, equities analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.20 annualized dividend and a yield of 0.9%. LSI Industries’s payout ratio is currently 25.32%.

Insiders Place Their Bets

In other LSI Industries news, VP Thomas A. Caneris sold 7,544 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $174,115.52. Following the sale, the vice president owned 114,016 shares of the company’s stock, valued at approximately $2,631,489.28. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Anthony Clark sold 26,597 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total value of $613,858.76. Following the completion of the transaction, the chief executive officer owned 421,313 shares of the company’s stock, valued at approximately $9,723,904.04. This represents a 5.94% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,780 shares of company stock worth $2,198,983. 7.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LSI Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Archon Capital Management LLC raised its position in shares of LSI Industries by 67.8% in the second quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company’s stock valued at $4,846,000 after buying an additional 115,124 shares during the last quarter. Nuveen LLC purchased a new stake in LSI Industries in the 1st quarter worth approximately $1,432,000. Knights of Columbus Asset Advisors LLC raised its holdings in LSI Industries by 160.9% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 118,035 shares of the construction company’s stock valued at $2,007,000 after acquiring an additional 72,801 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of LSI Industries by 54.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 142,829 shares of the construction company’s stock worth $2,430,000 after purchasing an additional 50,080 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of LSI Industries by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,624,265 shares of the construction company’s stock worth $27,613,000 after purchasing an additional 47,341 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

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.