LSI Industries (NASDAQ:LYTS) Stock Rating Upgraded by Zacks Research

LSI Industries (NASDAQ:LYTS) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a research note on Tuesday, January 27th. Canaccord Genuity Group upped their target price on shares of LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of LSI Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

LSI Industries Stock Performance

LSI Industries stock opened at $18.60 on Monday. The stock’s 50 day simple moving average is $20.99 and its two-hundred day simple moving average is $20.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 2.15. The stock has a market cap of $579.07 million, a price-to-earnings ratio of 22.68 and a beta of 0.22. LSI Industries has a fifty-two week low of $13.77 and a fifty-two week high of $24.75.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, January 22nd. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. The firm had revenue of $147.00 million during the quarter, compared to analyst estimates of $140.11 million. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%. As a group, analysts expect that LSI Industries will post 0.7 earnings per share for the current fiscal year.

Institutional Trading of LSI Industries

A number of institutional investors and hedge funds have recently modified their holdings of LYTS. SG Americas Securities LLC bought a new position in shares of LSI Industries during the third quarter valued at $849,000. Archon Capital Management LLC lifted its stake in LSI Industries by 67.8% during the 2nd quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company’s stock valued at $4,846,000 after acquiring an additional 115,124 shares during the period. Thrivent Financial for Lutherans bought a new position in LSI Industries during the 3rd quarter valued at about $10,288,000. Royce & Associates LP boosted its holdings in shares of LSI Industries by 50.0% during the 3rd quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock valued at $24,678,000 after acquiring an additional 348,598 shares during the last quarter. Finally, AltraVue Capital LLC boosted its holdings in shares of LSI Industries by 2.1% during the 3rd 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. 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.