LSI Industries Inc. (NASDAQ:LYTS) Given Consensus Rating of "Hold" by Analysts

Key Points

• Shares of LSI Industries have a consensus analyst rating of Hold from five firms (three buys, one hold, one sell) with an average 12‑month target price of $28.33.
• LSI reported quarterly EPS of $0.26 and revenue of $147.0M, both beating estimates, and analysts forecast about $0.70 EPS for the fiscal year while the stock recently traded near $19.83 (market cap ≈ $617M).
• The company declared a quarterly dividend of $0.05 (annualized $0.20, yield ~1.0%), and institutional investors own roughly 73.9% of the shares.

Shares of LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) have received a consensus recommendation of "Hold" from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $28.3333.

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

Institutional Investors Weigh In On LSI Industries

Several institutional investors have recently modified their holdings of LYTS. AQR Capital Management LLC increased its holdings in LSI Industries by 26.7% in the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company's stock worth $1,039,000 after buying an additional 12,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company's stock valued at $292,000 after acquiring an additional 1,113 shares during the period. Jane Street Group LLC purchased a new stake in shares of LSI Industries during the 1st quarter valued at about $560,000. Strs Ohio bought a new stake in shares of LSI Industries in the first quarter worth approximately $34,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of LSI Industries in the second quarter worth approximately $473,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Trading Down 3.8%

LSI Industries stock opened at $19.83 on Friday. LSI Industries has a 12 month low of $13.77 and a 12 month high of $24.75. The company has a market capitalization of $617.31 million, a price-to-earnings ratio of 24.18 and a beta of 0.22. The business's fifty day simple moving average is $20.96 and its two-hundred day simple moving average is $21.09. The company has a current ratio of 2.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.09. The firm had revenue of $147.00 million during 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%. As a group, equities analysts predict that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 2nd were paid a $0.05 dividend. The ex-dividend date was Monday, February 2nd. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. LSI Industries's payout ratio is currently 24.39%.

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.

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