LSI Industries (NASDAQ:LYTS) Shares Gap Up – What’s Next?

Shares of LSI Industries Inc. (NASDAQ:LYTS) gapped up before the market opened on Tuesday . The stock had previously closed at $17.92, but opened at $18.32. LSI Industries shares last traded at $17.62, with a volume of 45,304 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently commented on LYTS shares. HC Wainwright boosted their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Canaccord Genuity Group upped their target price on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

LSI Industries Price Performance

The stock’s 50 day simple moving average is $19.36 and its 200-day simple moving average is $18.57. The firm has a market cap of $526.01 million, a price-to-earnings ratio of 22.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Equities research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is currently 25.97%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Systematic Financial Management LP raised its position in shares of LSI Industries by 4.3% in the fourth quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock worth $49,382,000 after acquiring an additional 103,724 shares during the period. WealthTrust Axiom LLC raised its holdings in LSI Industries by 1.1% in the 4th quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company’s stock worth $13,530,000 after purchasing an additional 7,647 shares during the period. State Street Corp boosted its position in LSI Industries by 1.1% during the third quarter. State Street Corp now owns 574,275 shares of the construction company’s stock worth $9,275,000 after purchasing an additional 6,098 shares in the last quarter. G2 Investment Partners Management LLC grew its holdings in LSI Industries by 1.4% in the fourth quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company’s stock valued at $7,903,000 after purchasing an additional 5,470 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in shares of LSI Industries by 0.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock worth $6,481,000 after buying an additional 3,000 shares during the period. 73.91% of the stock is owned by institutional investors and hedge funds.

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.