LSI Industries Inc. (NASDAQ:LYTS) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts have an average recommendation of "Hold" on LSI Industries based on five reports (3 buys, 1 hold, 1 sell), with an average 12‑month price target of $28.33.
• LSI recently beat expectations, reporting Q earnings of $0.26 vs. $0.17 expected and revenue of $147M vs. $140.11M, while the stock trades around $18.60 with a market cap near $579M and a PE of 22.7.
• The company pays a quarterly dividend of $0.05 (annualized yield ~1.1%, DPR ~24.4%) and has high institutional ownership (~73.9%) with recent stake increases from firms like AQR and new positions from Jane Street.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.3333.

A number of analysts have recently commented on the company. Zacks Research downgraded LSI Industries from a "hold" rating to a "strong sell" rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of LSI Industries in a research report on Monday, December 29th. Canaccord Genuity Group boosted their price target on LSI Industries from $25.00 to $27.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Wall Street Zen raised shares of LSI Industries from a "hold" rating to a "buy" rating in a research note on Sunday, February 15th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $30.00 target price on shares of LSI Industries in a report on Tuesday, January 27th.

LSI Industries Trading Up 2.1%

Shares of LSI Industries stock opened at $18.60 on Wednesday. The stock has a market cap of $579.07 million, a PE ratio of 22.68 and a beta of 0.22. The firm has a fifty day moving average price of $20.99 and a 200 day moving average price of $20.69. LSI Industries has a 1 year low of $13.77 and a 1 year high of $24.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.21.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $140.11 million. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%. Equities research analysts predict that LSI Industries will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 2nd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, February 2nd. LSI Industries's dividend payout ratio (DPR) is currently 24.39%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LYTS. AQR Capital Management LLC boosted its stake in shares of LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company's stock worth $1,039,000 after acquiring an additional 12,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in LSI Industries by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company's stock worth $292,000 after purchasing an additional 1,113 shares during the period. Jane Street Group LLC purchased a new position in LSI Industries during the first quarter worth approximately $560,000. Strs Ohio purchased a new position in LSI Industries during the first quarter worth approximately $34,000. Finally, Franklin Resources Inc. grew its holdings in LSI Industries by 11.2% in the second quarter. Franklin Resources Inc. now owns 41,100 shares of the construction company's stock valued at $699,000 after purchasing an additional 4,149 shares during the period. Institutional investors and hedge funds own 73.91% of the company's stock.

About LSI Industries

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.

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