LSI Industries (NASDAQ:LYTS) Stock Keeps Buy Rating at HC Wainwright

LSI Industries (NASDAQ:LYTS – Get Free Report)‘s stock had its “buy” rating restated by HC Wainwright in a note issued to investors on Friday, Benzinga reports. They presently have a $30.00 price objective on the construction company’s stock. HC Wainwright’s price objective would indicate a potential upside of 40.40% from the company’s current price.

Several other research firms have also recently issued reports on LYTS. Morgan Stanley set a $30.00 price target on LSI Industries in a report on Friday, August 21st. Oppenheimer lowered their price objective on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday, August 21st. Wall Street Zen upgraded LSI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

View Our Latest Stock Report on LSI Industries

LSI Industries Stock Up 2.0%

Shares of LSI Industries stock opened at $21.37 on Friday. The company has a fifty day moving average price of $21.76 and a 200 day moving average price of $22.45. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. LSI Industries has a twelve month low of $17.20 and a twelve month high of $27.36. The stock has a market cap of $796.13 million, a price-to-earnings ratio of 31.98 and a beta of 0.48.

LSI Industries (NASDAQ:LYTS – Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%.The company had revenue of $234.62 million for the quarter, compared to the consensus estimate of $222.78 million. Equities research analysts forecast that LSI Industries will post 0.82 earnings per share for the current fiscal year.

Insider Transactions at LSI Industries

In related news, EVP Thomas A. Caneris sold 5,560 shares of LSI Industries stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $111,700.40. Following the transaction, the executive vice president owned 76,279 shares of the company’s stock, valued at $1,532,445.11. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James E. Galeese sold 8,269 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total value of $166,124.21. Following the completion of the transaction, the chief financial officer directly owned 190,740 shares of the company’s stock, valued at approximately $3,831,966.60. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 96,345 shares of company stock valued at $1,928,267 over the last 90 days. 7.30% of the stock is currently owned by corporate insiders.

Institutional Trading of LSI Industries

Several hedge funds and other institutional investors have recently modified their holdings of LYTS. BlackRock Inc. acquired a new position in shares of LSI Industries during the 2nd quarter worth approximately $72,118,000. Bank of New York Mellon Corp bought a new position in LSI Industries during the 2nd quarter worth $6,232,000. Juniper Investment Company LLC raised its holdings in LSI Industries by 211.0% in the 4th quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock valued at $6,256,000 after acquiring an additional 231,693 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in LSI Industries during the second quarter worth about $5,324,000. Finally, Globeflex Capital L P acquired a new position in LSI Industries during the second quarter valued at approximately $5,194,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Company Profile

(Get Free Report)

LSI Industries Inc (NASDAQ: LYTS) is a designer and manufacturer of commercial lighting, digital displays, and related visual communication solutions. The company serves businesses and organizations that need integrated lighting, signage, and brand presentation systems for indoor and outdoor environments.

LSI’s lighting products include LED fixtures, lighting controls, and specialized systems for applications such as retail stores, commercial and industrial facilities, sports venues, educational institutions, and outdoor spaces.

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Analyst Recommendations for LSI Industries (NASDAQ:LYTS)

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