LSI Industries Inc. (NASDAQ:LYTS) Given Average Recommendation of “Moderate Buy” by Analysts

LSI Industries Inc. (NASDAQ:LYTS) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $27.6667.

Several research firms have commented on LYTS. Weiss Ratings raised shares of LSI Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 25th. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 24th. Finally, Craig Hallum reiterated a “buy” rating and set a $28.00 price target on shares of LSI Industries in a research report on Friday, August 22nd.

LSI Industries Stock Down 5.9%

Shares of LSI Industries stock opened at $19.44 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.17. LSI Industries has a 1-year low of $13.77 and a 1-year high of $25.50. The business’s fifty day moving average price is $22.88 and its two-hundred day moving average price is $19.32. The company has a market capitalization of $594.24 million, a P/E ratio of 24.61 and a beta of 0.25.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Friday, September 9th. The construction company reported $0.12 EPS for the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%.The company had revenue of $97.02 million for the quarter. As a group, research analysts forecast that LSI Industries will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 17th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 17th. LSI Industries’s payout ratio is presently 25.00%.

Insiders Place Their Bets

In related news, VP Thomas A. Caneris sold 7,544 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total value of $174,115.52. Following the sale, the vice president directly owned 114,016 shares in the company, valued at $2,631,489.28. The trade was a 6.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO James Anthony Clark sold 26,597 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $613,858.76. Following the sale, the chief executive officer directly owned 421,313 shares of the company’s stock, valued at approximately $9,723,904.04. This represents a 5.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 94,780 shares of company stock worth $2,198,983. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of LSI Industries during the 1st quarter worth $34,000. State of Alaska Department of Revenue purchased a new stake in shares of LSI Industries during the third quarter valued at $38,000. EverSource Wealth Advisors LLC purchased a new stake in shares of LSI Industries during the second quarter valued at $47,000. BNP Paribas Financial Markets boosted its position in shares of LSI Industries by 22.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock valued at $69,000 after purchasing an additional 736 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in LSI Industries by 141.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock worth $74,000 after purchasing an additional 2,555 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.