LSI Industries (NASDAQ:LYTS) Receives “Buy” Rating from HC Wainwright

LSI Industries (NASDAQ:LYTS)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a note issued to investors on Monday, Benzinga reports. They currently have a $20.00 price objective on the construction company’s stock. HC Wainwright’s price target points to a potential upside of 37.74% from the company’s previous close.

Separately, StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $14.52 on Monday. The firm’s 50-day moving average price is $14.53 and its 200-day moving average price is $14.16. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. The company has a market cap of $422.10 million, a PE ratio of 15.96 and a beta of 0.85. LSI Industries has a 52-week low of $11.44 and a 52-week high of $16.97.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, January 25th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. The firm had revenue of $109.01 million for the quarter, compared to the consensus estimate of $107.70 million. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. As a group, analysts anticipate that LSI Industries will post 0.89 EPS for the current year.

Hedge Funds Weigh In On LSI Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of LSI Industries by 1.4% in the fourth quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock worth $6,640,000 after buying an additional 6,500 shares during the last quarter. G2 Investment Partners Management LLC boosted its holdings in shares of LSI Industries by 23.5% in the fourth quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock worth $5,982,000 after buying an additional 80,818 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of LSI Industries by 37.9% in the fourth quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock worth $5,301,000 after buying an additional 103,480 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of LSI Industries by 26.6% in the fourth quarter. First Eagle Investment Management LLC now owns 283,142 shares of the construction company’s stock worth $3,987,000 after buying an additional 59,542 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of LSI Industries by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 281,795 shares of the construction company’s stock worth $4,475,000 after buying an additional 2,146 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

About LSI Industries

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.