LSI Industries (NASDAQ:LYTS) Cut to Buy at StockNews.com

StockNews.com cut shares of LSI Industries (NASDAQ:LYTS) from a strong-buy rating to a buy rating in a research report released on Saturday.

LYTS has been the topic of a number of other research reports. Canaccord Genuity Group increased their price objective on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. HC Wainwright upped their price target on shares of LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

LSI Industries Stock Performance

Shares of LYTS opened at $17.00 on Friday. LSI Industries has a 1 year low of $13.63 and a 1 year high of $25.50. The stock’s fifty day moving average price is $19.24 and its two-hundred day moving average price is $18.63. The firm has a market cap of $508.66 million, a PE ratio of 22.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, equities research analysts forecast that LSI Industries will post 0.7 EPS for the current 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 given a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. LSI Industries’s dividend payout ratio is currently 25.97%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of LSI Industries by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company’s stock valued at $312,000 after purchasing an additional 684 shares in the last quarter. Martingale Asset Management L P grew its position in LSI Industries by 1.4% during the 3rd quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock valued at $1,328,000 after purchasing an additional 1,102 shares during the last quarter. Swiss National Bank increased its position in shares of LSI Industries by 2.5% during the fourth quarter. Swiss National Bank now owns 52,700 shares of the construction company’s stock valued at $1,023,000 after acquiring an additional 1,300 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of LSI Industries by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company’s stock worth $324,000 after purchasing an additional 1,362 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in LSI Industries by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company’s stock worth $1,590,000 after buying an additional 1,652 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors.

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.