LSI Industries Inc. (NASDAQ:LYTS) Given Average Rating of “Hold” by Brokerages

LSI Industries Inc. (NASDAQ:LYTS) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $28.3333.

Several brokerages have recently commented on LYTS. Weiss Ratings restated a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Zacks Research cut shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Canaccord Genuity Group upped their target price on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a research report on Tuesday, January 27th.

Institutional Trading of LSI Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYTS. Bailard Inc. boosted its stake in shares of LSI Industries by 3.4% in the 4th quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock valued at $280,000 after purchasing an additional 500 shares during the last quarter. Osaic Holdings Inc. boosted its stake in LSI Industries by 11.8% in the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock valued at $102,000 after acquiring an additional 635 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in LSI Industries by 22.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock worth $69,000 after acquiring an additional 736 shares during the period. Two Sigma Investments LP grew its holdings in LSI Industries by 1.2% during the 3rd quarter. Two Sigma Investments LP now owns 59,774 shares of the construction company’s stock worth $1,411,000 after acquiring an additional 737 shares during the period. Finally, Johnson Investment Counsel Inc. raised its position in shares of LSI Industries by 0.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 117,863 shares of the construction company’s stock valued at $2,005,000 after acquiring an additional 1,097 shares during the last quarter. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Performance

NASDAQ LYTS opened at $22.90 on Tuesday. LSI Industries has a 1-year low of $13.77 and a 1-year high of $24.75. The company has a 50 day moving average of $19.87 and a 200-day moving average of $20.72. The company has a current ratio of 2.19, a quick ratio of 1.36 and a debt-to-equity ratio of 0.20. The firm has a market cap of $711.96 million, a price-to-earnings ratio of 27.93 and a beta of 0.20.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 22nd. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. LSI Industries had a return on equity of 11.10% and a net margin of 4.34%.The business had revenue of $147.00 million for the quarter, compared to analyst estimates of $140.11 million. On average, equities analysts forecast that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Monday, February 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. LSI Industries’s payout ratio is presently 24.39%.

About LSI Industries

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.