LSI Industries (NASDAQ:LYTS) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of LSI Industries (NASDAQ:LYTS) from a hold (c+) rating to a buy (b-) rating in a research note published on Saturday morning,Weiss Ratings reports.

LYTS has been the topic of several other reports. Wall Street Zen upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 24th. Canaccord Genuity Group boosted their price target on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 25th. Zacks Research cut shares of LSI Industries from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Craig Hallum restated a “buy” rating and set a $28.00 price target on shares of LSI Industries in a report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

LSI Industries Trading Down 1.3%

NASDAQ LYTS opened at $23.37 on Friday. LSI Industries has a twelve month low of $13.77 and a twelve month high of $25.50. 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 has a market cap of $714.42 million, a price-to-earnings ratio of 29.58 and a beta of 0.26. The firm’s 50 day moving average price is $22.78 and its two-hundred day moving average price is $18.91.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data 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 firm had revenue of $97.02 million for the quarter. Equities analysts anticipate that LSI Industries will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

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

Insider Buying and Selling

In related news, VP Thomas A. Caneris sold 7,544 shares of the company’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 $174,115.52. Following the completion of the sale, the vice president directly owned 114,016 shares in the company, valued at approximately $2,631,489.28. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James E. Galeese sold 54,575 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $23.29, for a total transaction of $1,271,051.75. Following the completion of the sale, the chief financial officer owned 173,288 shares of the company’s stock, valued at $4,035,877.52. This represents a 23.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,780 shares of company stock worth $2,198,983. Corporate insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On LSI Industries

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in LSI Industries by 3.0% in 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 in the last quarter. Ascent Group LLC acquired a new position in LSI Industries during the 1st quarter worth $189,000. Systematic Financial Management LP lifted its position in LSI Industries by 0.9% during the 1st quarter. Systematic Financial Management LP now owns 2,565,826 shares of the construction company’s stock worth $43,619,000 after acquiring an additional 22,982 shares during the last quarter. State of Wyoming acquired a new position in LSI Industries during the 1st quarter worth $244,000. Finally, Anderson Financial Strategies LLC lifted its position in LSI Industries by 20.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 79,014 shares of the construction company’s stock worth $1,342,000 after acquiring an additional 13,160 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors.

About LSI Industries

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.