LSI Industries (NASDAQ:LYTS) Upgraded by Wall Street Zen to Buy Rating

LSI Industries (NASDAQ:LYTS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other brokerages have also commented on LYTS. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Canaccord Genuity Group boosted their price target on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research downgraded shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.33.

LSI Industries Price Performance

LYTS opened at $22.48 on Friday. LSI Industries has a 1 year low of $13.77 and a 1 year high of $24.75. The stock has a market capitalization of $699.80 million, a PE ratio of 27.41 and a beta of 0.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 2.15. The company’s 50 day simple moving average is $20.18 and its 200 day simple moving average is $20.81.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. LSI Industries had a net margin of 4.34% and a return on equity of 10.90%. The business had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $140.11 million. As a group, sell-side analysts expect that LSI Industries will post 0.7 EPS for the current year.

Institutional Trading of LSI Industries

A number of hedge funds and other institutional investors have recently modified their holdings of LYTS. Northwestern Mutual Wealth Management Co. boosted its position in shares of LSI Industries by 205.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after purchasing an additional 1,031 shares during the last quarter. Strs Ohio bought a new position in LSI Industries during the first quarter worth about $34,000. New York State Teachers Retirement System acquired a new position in shares of LSI Industries during the 4th quarter worth about $36,000. State of Alaska Department of Revenue acquired a new position in shares of LSI Industries during the 3rd quarter worth about $38,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of LSI Industries in the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

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.