LSI Industries (NASDAQ:LYTS) Lowered to Buy Rating by StockNews.com

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

Several other equities analysts have also commented on the stock. HC Wainwright upped their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Canaccord Genuity Group upped their price target on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

LSI Industries Price Performance

NASDAQ:LYTS opened at $17.19 on Friday. LSI Industries has a 52 week low of $13.63 and a 52 week high of $25.50. The stock’s fifty day moving average is $19.29 and its two-hundred day moving average is $18.60. The company has a market capitalization of $514.34 million, a P/E ratio of 22.32 and a beta of 1.00. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) 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%. Equities analysts expect that LSI Industries will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. LSI Industries’s dividend payout ratio is presently 25.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LYTS. Barclays PLC lifted its holdings in LSI Industries by 117.1% during the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after buying an additional 37,660 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of LSI Industries by 228.8% during the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock worth $672,000 after acquiring an additional 24,096 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of LSI Industries in the fourth quarter valued at $317,000. SG Americas Securities LLC boosted its holdings in LSI Industries by 24.1% in the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after purchasing an additional 2,731 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in LSI Industries by 4.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock worth $910,000 after purchasing an additional 1,876 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

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.