LSI Industries Inc. (NASDAQ:LYTS) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• LSI Industries Inc. (NASDAQ:LYTS) has a consensus rating of "Moderate Buy" from analysts, with one sell and four buy recommendations.
• The company recently reported earnings of $0.26 per share, exceeding estimates of $0.17, alongside a revenue of $155.07 million for the quarter.
• LSI Industries has declared a quarterly dividend of $0.05 per share, representing an annual yield of 0.9% with a payout ratio of 25.32%.

Shares of LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $27.6667.

LYTS has been the topic of several research analyst reports. Wall Street Zen raised LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 24th. Canaccord Genuity Group boosted their price target on LSI Industries from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Zacks Research lowered LSI Industries from a "hold" rating to a "strong sell" rating in a research note on Monday. Craig Hallum reaffirmed a "buy" rating and issued a $28.00 target price on shares of LSI Industries in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of LSI Industries in a research report on Saturday, September 27th.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $21.92 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. LSI Industries has a fifty-two week low of $13.77 and a fifty-two week high of $25.50. The firm's fifty day simple moving average is $21.66 and its 200-day simple moving average is $18.31. The stock has a market cap of $670.09 million, a PE ratio of 27.75 and a beta of 0.26.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. The company had revenue of $155.07 million for the quarter, compared to analyst estimates of $138.89 million. Analysts expect that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.20 annualized dividend and a yield of 0.9%. LSI Industries's dividend payout ratio is 25.32%.

Insider Buying and Selling

In related news, VP Thomas A. Caneris sold 7,544 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $174,115.52. Following the transaction, the vice president owned 114,016 shares in the company, valued at $2,631,489.28. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Galeese sold 54,575 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $23.29, for a total transaction of $1,271,051.75. Following the transaction, the chief financial officer owned 173,288 shares in the company, valued at $4,035,877.52. This represents a 23.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,780 shares of company stock worth $2,198,983 over the last quarter. 7.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On LSI Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of LSI Industries during the 1st quarter valued at $34,000. EverSource Wealth Advisors LLC acquired a new stake in LSI Industries in the 2nd quarter worth $47,000. BNP Paribas Financial Markets grew its position in LSI Industries by 22.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company's stock worth $69,000 after purchasing an additional 736 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in LSI Industries by 141.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company's stock valued at $74,000 after acquiring an additional 2,555 shares during the period. Finally, Quantbot Technologies LP increased its stake in LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company's stock valued at $95,000 after acquiring an additional 3,206 shares during the period. Institutional investors and hedge funds own 73.91% of the company's stock.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.

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