LSI Industries' (LYTS) "Buy" Rating Reiterated at HC Wainwright

LSI Industries (NASDAQ:LYTS - Get Free Report)'s stock had its "buy" rating reissued by research analysts at HC Wainwright in a report issued on Friday, Benzinga reports. They presently have a $30.00 price target on the construction company's stock. HC Wainwright's target price would indicate a potential upside of 43.27% from the company's previous close.

Several other equities research analysts also recently weighed in on LYTS. Weiss Ratings downgraded shares of LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, September 22nd. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research report on Friday, August 21st. Oppenheimer reduced their target price on LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company 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 report on Saturday, September 26th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $29.00.

LSI Industries Price Performance

LSI Industries stock opened at $20.94 on Friday. The stock has a market capitalization of $780.22 million, a price-to-earnings ratio of 31.25 and a beta of 0.48. LSI Industries has a 52-week low of $17.20 and a 52-week high of $27.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.97. The stock's 50 day moving average price is $21.76 and its two-hundred day moving average price is $22.45.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. The company had revenue of $234.62 million during the quarter, compared to analyst estimates of $222.78 million. On average, equities analysts predict that LSI Industries will post 0.82 earnings per share for the current year.

Insider Buying and Selling at LSI Industries

In other news, CEO James Clark sold 23,706 shares of LSI Industries stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $476,253.54. Following the completion of the transaction, the chief executive officer directly owned 609,641 shares in the company, valued at $12,247,687.69. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Caneris sold 5,560 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total transaction of $111,700.40. Following the sale, the executive vice president directly owned 76,279 shares of the company's stock, valued at approximately $1,532,445.11. The trade was a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 96,345 shares of company stock valued at $1,928,267 over the last ninety days. 7.30% of the stock is currently owned by corporate insiders.

Institutional Trading of LSI Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of LSI Industries in the second quarter valued at approximately $72,118,000. Bank of New York Mellon Corp purchased a new position in shares of LSI Industries during the second quarter valued at approximately $6,232,000. Juniper Investment Company LLC grew its holdings in LSI Industries by 211.0% during the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company's stock worth $6,256,000 after buying an additional 231,693 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in LSI Industries during the second quarter worth $5,324,000. Finally, Globeflex Capital L P purchased a new stake in LSI Industries in the 2nd quarter valued at $5,194,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

About LSI Industries

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.