LSI Industries Inc. (NASDAQ:LYTS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $28.75.

Several equities analysts have recently weighed in on LYTS shares. Weiss Ratings raised shares of LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Oppenheimer began coverage on shares of LSI Industries in a report on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th.

Insider Activity

In other LSI Industries news, CFO James E. Galeese sold 136,578 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $3,317,479.62. Following the transaction, the chief financial officer owned 173,288 shares of the company’s stock, valued at $4,209,165.52. This represents a 44.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $249,789.21. Following the completion of the transaction, the director owned 103,686 shares in the company, valued at approximately $2,497,795.74. This represents a 9.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,173 shares of company stock valued at $6,220,368 in the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. increased its holdings in LSI Industries by 40.7% in the first quarter. North Star Investment Management Corp. now owns 276,463 shares of the construction company’s stock valued at $5,142,000 after buying an additional 80,000 shares during the last quarter. AltraVue Capital LLC lifted its holdings in LSI Industries by 8.0% during the 4th quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after buying an additional 106,693 shares during the last quarter. Juniper Investment Company LLC boosted its position in shares of LSI Industries by 211.0% during the 4th quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock worth $6,256,000 after acquiring an additional 231,693 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of LSI Industries by 70.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 742,592 shares of the construction company’s stock worth $13,604,000 after acquiring an additional 306,864 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of LSI Industries by 20.2% in the 4th quarter. Kennedy Capital Management LLC now owns 407,936 shares of the construction company’s stock valued at $7,473,000 after acquiring an additional 68,441 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Trading Down 1.7%

Shares of LSI Industries stock opened at $24.40 on Friday. The firm has a 50-day simple moving average of $24.61 and a two-hundred day simple moving average of $21.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. LSI Industries has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The company has a market cap of $895.72 million, a P/E ratio of 32.53 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The business had revenue of $150.53 million for the quarter, compared to analysts’ expectations of $163.53 million. As a group, equities analysts predict that LSI Industries will post 0.78 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

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

About LSI Industries

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.