LSI Industries Inc. (NASDAQ:LYTS) Given Average Recommendation of “Moderate Buy” by Brokerages

LSI Industries Inc. (NASDAQ:LYTS) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.6667.

A number of equities research analysts recently issued reports on the company. Craig Hallum restated a “buy” rating and issued a $28.00 price objective on shares of LSI Industries in a research note on Friday, August 22nd. Wall Street Zen downgraded shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of LSI Industries in a research report on Monday. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Canaccord Genuity Group boosted their target price 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.

Insiders Place Their Bets

In related news, CFO James E. Galeese sold 54,575 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $23.29, for a total value of $1,271,051.75. Following the transaction, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,035,877.52. This represents a 23.95% 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. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in LSI Industries by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,624,265 shares of the construction company’s stock valued at $27,613,000 after purchasing an additional 47,341 shares during the period. Ascent Group LLC purchased a new stake in LSI Industries during the 1st quarter valued at $189,000. Systematic Financial Management LP lifted its position in LSI Industries by 0.9% in the first quarter. Systematic Financial Management LP now owns 2,565,826 shares of the construction company’s stock worth $43,619,000 after buying an additional 22,982 shares during the last quarter. State of Wyoming purchased a new position in LSI Industries during the first quarter worth $244,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in LSI Industries during the second quarter worth $473,000. 73.91% of the stock is currently owned by institutional investors.

LSI Industries Trading Up 0.7%

Shares of LSI Industries stock opened at $18.30 on Thursday. The company has a market capitalization of $569.00 million, a P/E ratio of 23.16 and a beta of 0.25. The stock has a fifty day simple moving average of $21.64 and a 200 day simple moving average of $19.57. LSI Industries has a 12-month low of $13.77 and a 12-month high of $25.50. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 0.19.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Friday, September 9th. The construction company reported $0.12 EPS for the quarter. The firm had revenue of $97.02 million for the quarter. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. On average, sell-side analysts anticipate that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 17th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. LSI Industries’s dividend payout ratio is presently 25.00%.

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.