LSI Industries (NASDAQ:LYTS) Sets New 52-Week High – Should You Buy?

LSI Industries Inc. (NASDAQ:LYTSGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $25.59 and last traded at $24.5250, with a volume of 161 shares. The stock had previously closed at $24.53.

Analyst Upgrades and Downgrades

Several brokerages have commented on LYTS. Oppenheimer initiated coverage on LSI Industries in a report on Tuesday. They set an “outperform” rating and a $30.00 target price on the stock. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Finally, Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.75.

Get Our Latest Report on LSI Industries

LSI Industries Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $892.24 million, a P/E ratio of 32.70 and a beta of 0.53. The company’s 50 day moving average is $22.04 and its 200-day moving average is $20.72.

LSI Industries (NASDAQ:LYTSGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The company had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. As a group, equities analysts anticipate that LSI Industries Inc. will post 0.81 EPS for the current year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s dividend payout ratio is 26.67%.

Insiders Place Their Bets

In other news, EVP Thomas A. Caneris sold 109,226 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the completion of the sale, the executive vice president owned 64,790 shares in the company, valued at $1,573,749.10. The trade was a 62.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wilfred T. Ogara sold 10,369 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total value of $249,789.21. Following the transaction, the director directly owned 103,686 shares in the company, valued at $2,497,795.74. The trade was a 9.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 256,173 shares of company stock worth $6,220,368. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of LSI Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bailard Inc. raised its holdings in LSI Industries by 3.4% during the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock worth $280,000 after buying an additional 500 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of LSI Industries by 1.2% during the first quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock worth $858,000 after acquiring an additional 536 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of 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 worth $46,000 after acquiring an additional 554 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of 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 worth $31,000 after acquiring an additional 625 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in LSI Industries by 11.8% in the 2nd quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock valued at $102,000 after acquiring an additional 635 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

(Get Free Report)

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.

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