LSI Industries (NASDAQ:LYTS) Cut to Buy at StockNews.com

StockNews.com downgraded shares of LSI Industries (NASDAQ:LYTS) from a strong-buy rating to a buy rating in a report released on Monday morning.

A number of other equities research analysts have also issued reports on LYTS. Canaccord Genuity Group increased 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 upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

LSI Industries Trading Down 0.2 %

Shares of LSI Industries stock opened at $16.19 on Monday. LSI Industries has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The company has a market capitalization of $484.42 million, a P/E ratio of 21.03 and a beta of 0.70. The company has a fifty day moving average of $17.99 and a 200 day moving average of $18.65.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data 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 11.25% and a net margin of 4.47%. On average, sell-side analysts anticipate that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were given a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. LSI Industries’s dividend payout ratio is currently 25.97%.

Hedge Funds Weigh In On LSI Industries

Several institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of LSI Industries by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company’s stock worth $312,000 after acquiring an additional 684 shares in the last quarter. Rhumbline Advisers increased its position in LSI Industries by 2.1% in the first quarter. Rhumbline Advisers now owns 41,378 shares of the construction company’s stock worth $703,000 after purchasing an additional 858 shares during the last quarter. Swiss National Bank raised its stake in LSI Industries by 2.5% during the fourth quarter. Swiss National Bank now owns 52,700 shares of the construction company’s stock valued at $1,023,000 after purchasing an additional 1,300 shares in the last quarter. MetLife Investment Management LLC lifted its position in LSI Industries by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company’s stock valued at $324,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in LSI Industries by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company’s stock valued at $1,590,000 after purchasing an additional 1,652 shares during the last quarter. Hedge funds and other institutional investors 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.