LSI Industries’ (LYTS) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of LSI Industries (NASDAQ:LYTS) in a research note published on Tuesday,Benzinga reports. HC Wainwright currently has a $30.00 price objective on the construction company’s stock.

LYTS has been the subject of several other reports. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Canaccord Genuity Group raised their target price on LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, LSI Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $22.14 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.36. LSI Industries has a one year low of $13.77 and a one year high of $24.75. The business’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $20.42. The company has a market capitalization of $688.33 million, a P/E ratio of 27.00 and a beta of 0.18.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, January 22nd. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $147.00 million during the quarter, compared to the consensus estimate of $140.11 million. LSI Industries had a return on equity of 11.10% and a net margin of 4.34%. Analysts anticipate that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of LSI Industries during the third quarter valued at about $849,000. Archon Capital Management LLC grew its position in LSI Industries by 67.8% during the second quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company’s stock worth $4,846,000 after buying an additional 115,124 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in LSI Industries during the second quarter valued at about $473,000. Corton Capital Inc. acquired a new position in LSI Industries in the 2nd quarter valued at approximately $253,000. Finally, Aristides Capital LLC raised its holdings in LSI Industries by 133.5% in the 2nd quarter. Aristides Capital LLC now owns 51,600 shares of the construction company’s stock valued at $878,000 after acquiring an additional 29,500 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

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.