LSI Industries (NASDAQ:LYTS) Sees Unusually-High Trading Volume – What’s Next?

LSI Industries Inc. (NASDAQ:LYTS) shares saw an uptick in trading volume on Friday . 1,011,662 shares changed hands during trading, an increase of 466% from the previous session’s volume of 178,706 shares.The stock last traded at $21.7380 and had previously closed at $20.92.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Canaccord Genuity Group lifted their target price on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a research report on Tuesday, January 27th. Zacks Research downgraded LSI Industries from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, LSI Industries currently has an average rating of “Hold” and an average target price of $28.33.

LSI Industries Stock Up 1.9%

The business has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $21.02. The company has a market capitalization of $663.35 million, a price-to-earnings ratio of 25.99 and a beta of 0.20. The company has a quick ratio of 1.21, a current ratio of 2.15 and a debt-to-equity ratio of 0.11.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%.The company had revenue of $147.00 million during the quarter, compared to analysts’ expectations of $140.11 million. Equities analysts expect that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. LSI Industries’s dividend payout ratio is currently 24.39%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LYTS. Thrivent Financial for Lutherans bought a new position in LSI Industries in the 3rd quarter valued at $10,288,000. Royce & Associates LP increased its stake in shares of LSI Industries by 50.0% in the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock valued at $24,678,000 after buying an additional 348,598 shares in the last quarter. Juniper Investment Company LLC increased its stake in shares of LSI Industries by 211.0% in the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock valued at $6,256,000 after buying an additional 231,693 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of LSI Industries by 163.7% in the third quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock valued at $8,015,000 after buying an additional 210,728 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in LSI Industries by 402.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 198,433 shares of the construction company’s stock worth $4,685,000 after buying an additional 158,934 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

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.