LSI Industries (NASDAQ:LYTS) Upgraded at Zacks Research

Zacks Research upgraded shares of LSI Industries (NASDAQ:LYTS) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a research report on Tuesday, January 27th. Finally, Canaccord Genuity Group boosted their target price on LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

LSI Industries Price Performance

LYTS opened at $18.75 on Monday. The firm has a market cap of $583.69 million, a P/E ratio of 22.87 and a beta of 0.32. The firm has a 50-day moving average of $20.96 and a 200 day moving average of $20.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 2.15. LSI Industries has a fifty-two week low of $13.77 and a fifty-two week high of $24.75.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The business had revenue of $147.00 million during the quarter, compared to the consensus estimate of $140.11 million. LSI Industries had a net margin of 4.34% and a return on equity of 10.90%. 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 declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 2nd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, February 2nd. LSI Industries’s dividend payout ratio is presently 24.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 12,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of LSI Industries by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after acquiring an additional 1,113 shares during the period. Jane Street Group LLC purchased a new position in shares of LSI Industries in the first quarter valued at $560,000. Strs Ohio purchased a new position in shares of LSI Industries in the first quarter valued at $34,000. Finally, Franklin Resources Inc. raised its stake in shares of LSI Industries by 11.2% during the 2nd quarter. Franklin Resources Inc. now owns 41,100 shares of the construction company’s stock valued at $699,000 after purchasing an additional 4,149 shares during the period. 73.91% of the stock is owned by institutional investors.

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.