LSI Industries Inc. (NASDAQ:LYTS) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

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LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) has earned an average rating of "Moderate Buy" from the five analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.00.

A number of brokerages have recently issued reports on LYTS. Morgan Stanley set a $30.00 price target on shares of LSI Industries in a research report on Friday, August 21st. HC Wainwright reiterated a "buy" rating on shares of LSI Industries in a report on Friday, August 21st. Weiss Ratings raised shares of LSI Industries from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, September 4th. Finally, Oppenheimer decreased their price objective on LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company in a report on Friday, August 21st.

LSI Industries Trading Down 0.6%

LYTS opened at $20.56 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.97 and a quick ratio of 1.22. LSI Industries has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The company's 50 day moving average price is $22.18 and its two-hundred day moving average price is $22.39. The firm has a market capitalization of $766.07 million, a price-to-earnings ratio of 30.69 and a beta of 0.52.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) 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 firm had revenue of $234.62 million during the quarter, compared to the consensus estimate of $222.78 million. As a group, research analysts predict that LSI Industries will post 0.82 earnings per share for the current year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st were paid a $0.05 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. LSI Industries's dividend payout ratio is presently 29.85%.

Insider Activity

In other news, CEO James Clark sold 13,907 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total value of $282,033.96. Following the completion of the transaction, the chief executive officer directly owned 595,734 shares of the company's stock, valued at $12,081,485.52. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James E. Galeese sold 4,778 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total value of $96,897.84. Following the sale, the chief financial officer directly owned 185,962 shares of the company's stock, valued at approximately $3,771,309.36. This represents a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 96,345 shares of company stock worth $1,928,267. Company insiders own 7.30% of the company's stock.

Institutional Investors Weigh In On LSI Industries

A number of hedge funds have recently modified their holdings of the stock. North Star Investment Management Corp. lifted its holdings in LSI Industries by 40.7% during the 1st quarter. North Star Investment Management Corp. now owns 276,463 shares of the construction company's stock worth $5,142,000 after purchasing an additional 80,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in LSI Industries in the first quarter worth $2,107,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in LSI Industries in the 2nd quarter worth approximately $5,324,000. Globeflex Capital L P bought a new position in shares of LSI Industries during the 2nd quarter valued at $5,194,000. Finally, Manatuck Hill Partners LLC bought a new position in shares of LSI Industries during the second quarter valued at about $3,455,000. Institutional investors own 73.91% of the company's stock.

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.

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