HC Wainwright Forecasts Strong Price Appreciation for LSI Industries (NASDAQ:LYTS) Stock

LSI Industries (NASDAQ:LYTS) had its target price increased by HC Wainwright from $20.00 to $30.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

LSI Industries Trading Down 10.7 %

Shares of LSI Industries stock opened at $22.08 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. The company has a fifty day moving average of $19.87 and a 200 day moving average of $17.45. The company has a market capitalization of $658.87 million, a P/E ratio of 27.95 and a beta of 0.93. LSI Industries has a fifty-two week low of $13.35 and a fifty-two week high of $25.50.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. On average, sell-side analysts anticipate that LSI Industries will post 0.86 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is 25.32%.

Institutional Trading of LSI Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Phocas Financial Corp. bought a new position in shares of LSI Industries during the third quarter valued at approximately $3,682,000. Systematic Financial Management LP boosted its position in LSI Industries by 7.1% during the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock valued at $39,392,000 after acquiring an additional 162,160 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in shares of LSI Industries in the 3rd quarter valued at $611,000. Barclays PLC raised its position in shares of LSI Industries by 117.1% in the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after acquiring an additional 37,660 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of LSI Industries by 28.7% during the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock worth $2,656,000 after purchasing an additional 30,464 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Company Profile

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.