LSI Industries (NASDAQ:LYTS) Stock Keeps “Buy” Rating at HC Wainwright

LSI Industries (NASDAQ:LYTS)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a research note issued on Friday, Benzinga reports. They currently have a $30.00 target price on the construction company’s stock. HC Wainwright’s target price would indicate a potential upside of 41.18% from the stock’s current price.

Several other equities analysts have also issued reports on LYTS. Morgan Stanley set a $30.00 target price on LSI Industries in a research note on Friday, August 21st. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Oppenheimer decreased their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. Finally, Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.00.

LSI Industries Trading Up 1.5%

Shares of LSI Industries stock traded up $0.31 during trading hours on Friday, hitting $21.25. The company’s stock had a trading volume of 246,058 shares, compared to its average volume of 358,138. LSI Industries has a twelve month low of $17.20 and a twelve month high of $27.36. The firm has a fifty day moving average of $21.76 and a 200-day moving average of $22.45. The stock has a market cap of $791.78 million, a price-to-earnings ratio of 31.72 and a beta of 0.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.97.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%.The firm had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. Research analysts forecast that LSI Industries will post 0.82 EPS for the current year.

Insiders Place Their Bets

In other news, CEO James Clark sold 13,907 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total transaction of $282,033.96. Following the sale, the chief executive officer owned 595,734 shares of the company’s stock, valued at approximately $12,081,485.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas Caneris sold 3,170 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total value of $64,287.60. Following the sale, the executive vice president directly owned 73,109 shares in the company, valued at $1,482,650.52. This trade represents a 4.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,345 shares of company stock worth $1,928,267 over the last 90 days. Insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System purchased a new position in LSI Industries during the 2nd quarter worth approximately $242,000. Ameritas Advisory Services LLC purchased a new position in LSI Industries during the 2nd quarter worth approximately $31,000. AXQ Capital LP grew its stake in LSI Industries by 117.7% during the 2nd quarter. AXQ Capital LP now owns 24,007 shares of the construction company’s stock worth $638,000 after buying an additional 12,979 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in LSI Industries by 17.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,610 shares of the construction company’s stock worth $1,106,000 after buying an additional 6,273 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in LSI Industries by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company’s stock worth $36,490,000 after buying an additional 70,033 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc (NASDAQ: LYTS) is a designer and manufacturer of commercial lighting, digital displays, and related visual communication solutions. The company serves businesses and organizations that need integrated lighting, signage, and brand presentation systems for indoor and outdoor environments.

LSI’s lighting products include LED fixtures, lighting controls, and specialized systems for applications such as retail stores, commercial and industrial facilities, sports venues, educational institutions, and outdoor spaces.