LSI Industries Inc. (NASDAQ:LYTS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

LSI Industries Inc. (NASDAQ:LYTS) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $28.75.

LYTS has been the topic of several analyst reports. Oppenheimer began coverage on shares of LSI Industries in a report on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 target price on the stock. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Finally, Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th.

Insider Buying and Selling

In other LSI Industries news, CFO James E. Galeese sold 136,578 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the sale, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,209,165.52. The trade was a 44.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wilfred T. Ogara sold 10,369 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director directly owned 103,686 shares in the company, valued at approximately $2,497,795.74. This trade represents a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 256,173 shares of company stock valued at $6,220,368 over the last quarter. Company insiders own 7.30% of the company’s stock.

Institutional Trading of LSI Industries

A number of institutional investors have recently added to or reduced their stakes in LYTS. Northwestern Mutual Wealth Management Co. boosted its holdings in LSI Industries by 205.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after buying an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of LSI Industries by 57.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after acquiring an additional 625 shares during the period. Strs Ohio acquired a new stake in shares of LSI Industries during the 1st quarter valued at approximately $34,000. New York State Teachers Retirement System purchased a new stake in shares of LSI Industries during the 4th quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of LSI Industries during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of LYTS stock opened at $25.58 on Monday. The company has a market capitalization of $939.04 million, a P/E ratio of 34.11 and a beta of 0.53. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $22.45 and its two-hundred day moving average is $20.88. LSI Industries has a twelve month low of $16.00 and a twelve month high of $26.56.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The company had revenue of $150.53 million for the quarter, compared to analysts’ expectations of $163.53 million. Equities analysts forecast that LSI Industries will post 0.78 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were paid a $0.05 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. LSI Industries’s payout ratio is 26.67%.

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.