LSI Industries’ (LYTS) Buy Rating Reiterated at HC Wainwright

LSI Industries (NASDAQ:LYTS)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a report released on Tuesday,Benzinga reports. They presently have a $30.00 target price on the construction company’s stock. HC Wainwright’s price objective points to a potential upside of 36.49% from the company’s current price.

A number of other research analysts have also commented on the company. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Friday. Canaccord Genuity Group raised their price objective on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.33.

LSI Industries Stock Down 0.7%

Shares of LSI Industries stock opened at $21.98 on Tuesday. LSI Industries has a 12-month low of $13.77 and a 12-month high of $24.75. The company has a quick ratio of 1.36, a current ratio of 2.19 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $18.99 and a two-hundred day moving average price of $20.39. The stock has a market capitalization of $683.36 million, a P/E ratio of 26.81 and a beta of 0.18.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. LSI Industries had a net margin of 4.34% and a return on equity of 11.10%. The business had revenue of $147.00 million during the quarter, compared to analysts’ expectations of $140.11 million. Equities analysts expect that LSI Industries will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Systematic Financial Management LP boosted its position in LSI Industries by 1.0% in the 2nd quarter. Systematic Financial Management LP now owns 2,592,372 shares of the construction company’s stock valued at $44,096,000 after buying an additional 26,546 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of LSI Industries by 3.2% during the third quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock valued at $39,133,000 after acquiring an additional 50,722 shares during the period. AltraVue Capital LLC boosted its holdings in LSI Industries by 2.1% in the third quarter. AltraVue Capital LLC now owns 1,339,140 shares of the construction company’s stock valued at $31,617,000 after acquiring an additional 27,140 shares during the last quarter. Royce & Associates LP increased its position in LSI Industries by 50.0% in the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock worth $24,678,000 after purchasing an additional 348,598 shares during the period. Finally, Wellington Management Group LLP increased its position in LSI Industries by 3.6% in the third quarter. Wellington Management Group LLP now owns 620,678 shares of the construction company’s stock worth $14,654,000 after purchasing an additional 21,400 shares during the period. 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.