LSI Industries (NASDAQ:LYTS) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of LSI Industries (NASDAQ:LYTS) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a report on Friday, January 24th. HC Wainwright increased their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

LSI Industries Trading Down 4.9 %

NASDAQ:LYTS opened at $15.39 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The business’s 50-day simple moving average is $18.84 and its 200-day simple moving average is $18.67. LSI Industries has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The stock has a market capitalization of $460.48 million, a PE ratio of 19.99 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. Sell-side analysts expect that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were paid a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. LSI Industries’s dividend payout ratio is presently 25.97%.

Institutional Trading of LSI Industries

A number of large investors have recently added to or reduced their stakes in LYTS. Invesco Ltd. increased its stake in shares of LSI Industries by 354.1% during the 4th quarter. Invesco Ltd. now owns 243,781 shares of the construction company’s stock worth $4,734,000 after purchasing an additional 190,095 shares during the last quarter. Expect Equity LLC bought a new position in LSI Industries during the fourth quarter worth about $2,391,000. Systematic Financial Management LP increased its position in LSI Industries by 4.3% during the fourth quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock worth $49,382,000 after buying an additional 103,724 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in LSI Industries in the fourth quarter valued at approximately $1,279,000. Finally, JPMorgan Chase & Co. lifted its position in shares of LSI Industries by 203.0% in the fourth quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company’s stock valued at $1,681,000 after buying an additional 57,989 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

About LSI Industries

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.