LSI Industries (NASDAQ:LYTS – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research report issued on Friday, Benzinga reports. They presently have a $30.00 price objective on the construction company’s stock. HC Wainwright’s price target suggests a potential upside of 40.45% from the company’s previous close.
Several other research firms also recently weighed in on LYTS. Oppenheimer decreased their price objective on LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Morgan Stanley set a $30.00 price target on LSI Industries in a report on Friday, August 21st. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Finally, Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.00.
View Our Latest Stock Analysis on LYTS
LSI Industries Stock Performance
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 for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $234.62 million during the quarter, compared to the consensus estimate of $222.78 million. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%. As a group, research analysts forecast that LSI Industries will post 0.82 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO James Clark sold 13,907 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total transaction of $282,033.96. Following the completion of the sale, the chief executive officer directly owned 595,734 shares of the company’s stock, valued at $12,081,485.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James Galeese sold 4,778 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total value of $96,897.84. Following the sale, the chief financial officer directly owned 185,962 shares of the company’s stock, valued at approximately $3,771,309.36. This represents a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 96,345 shares of company stock valued at $1,928,267 in the last ninety days. Company insiders own 7.30% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Quantinno Capital Management LP grew its holdings in LSI Industries by 1.2% in the 1st quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock valued at $858,000 after buying an additional 536 shares during the period. New York State Teachers Retirement System grew its holdings in LSI Industries by 28.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock valued at $46,000 after buying an additional 554 shares during the period. Rockefeller Capital Management L.P. grew its holdings in LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after buying an additional 625 shares during the period. Ameritas Advisory Services LLC purchased a new stake in LSI Industries in the 2nd quarter valued at about $31,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in LSI Industries in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.
LSI Industries Company Profile
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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