LSI Industries Inc. (NASDAQ:LYTS) Receives Consensus Rating of “Moderate Buy” from Brokerages

LSI Industries Inc. (NASDAQ:LYTS) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.6667.

A number of research analysts have weighed in on the company. Wall Street Zen lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Finally, Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th.

Institutional Trading of LSI Industries

A number of institutional investors have recently made changes to their positions in LYTS. Systematic Financial Management LP increased its position in shares of LSI Industries by 1.0% in the second quarter. Systematic Financial Management LP now owns 2,592,372 shares of the construction company’s stock valued at $44,096,000 after acquiring an additional 26,546 shares during the period. Vanguard Group Inc. grew its stake in shares of LSI Industries by 3.2% in the third quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock worth $39,133,000 after purchasing an additional 50,722 shares during the last quarter. AltraVue Capital LLC grew its stake in shares of LSI Industries by 2.1% in the third quarter. AltraVue Capital LLC now owns 1,339,140 shares of the construction company’s stock worth $31,617,000 after purchasing an additional 27,140 shares during the last quarter. Royce & Associates LP raised its holdings in LSI Industries by 50.0% in the 3rd quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock worth $24,678,000 after purchasing an additional 348,598 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of LSI Industries by 3.6% in the 3rd quarter. Wellington Management Group LLP now owns 620,678 shares of the construction company’s stock worth $14,654,000 after purchasing an additional 21,400 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Price Performance

LYTS opened at $19.87 on Friday. The firm has a 50-day moving average of $18.68 and a 200 day moving average of $20.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.36 and a current ratio of 2.19. LSI Industries has a fifty-two week low of $13.77 and a fifty-two week high of $25.50. The firm has a market cap of $617.76 million, a P/E ratio of 24.84 and a beta of 0.18.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Friday, November 7th. The construction company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $157.25 million for the quarter, compared to analysts’ expectations of $149.48 million. LSI Industries had a net margin of 4.21% and a return on equity of 10.96%. On average, research analysts expect 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 Tuesday, November 25th. Stockholders of record on Monday, November 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. LSI Industries’s dividend payout ratio is 25.00%.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.