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

HC Wainwright restated their buy rating on shares of LSI Industries (NASDAQ:LYTS - Free Report) in a report issued on Friday morning,Benzinga reports. HC Wainwright currently has a $30.00 target price on the construction company's stock.

A number of other research firms have also commented on LYTS. StockNews.com raised LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Canaccord Genuity Group dropped their target price on LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, April 25th.

LSI Industries Stock Performance

NASDAQ:LYTS traded down $0.14 during mid-day trading on Friday, reaching $15.04. The stock had a trading volume of 68,848 shares, compared to its average volume of 131,620. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The firm has a market capitalization of $450.01 million, a price-to-earnings ratio of 19.53 and a beta of 0.70. LSI Industries has a twelve month low of $13.63 and a twelve month high of $25.50. The business has a 50 day simple moving average of $16.84 and a 200 day simple moving average of $18.56.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $132.48 million during the quarter, compared to the consensus estimate of $129.72 million. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, analysts expect that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Monday, May 5th will be issued a $0.05 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. LSI Industries's dividend payout ratio (DPR) is presently 27.78%.

Hedge Funds Weigh In On LSI Industries

Several large investors have recently bought and sold shares of the stock. Systematic Financial Management LP increased its stake in LSI Industries by 4.3% during the 4th quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company's stock valued at $49,382,000 after buying an additional 103,724 shares during the period. WealthTrust Axiom LLC increased its stake in LSI Industries by 1.1% during the 4th quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company's stock valued at $13,530,000 after buying an additional 7,647 shares during the period. State Street Corp increased its stake in LSI Industries by 1.1% during the 3rd quarter. State Street Corp now owns 574,275 shares of the construction company's stock valued at $9,275,000 after buying an additional 6,098 shares during the period. G2 Investment Partners Management LLC increased its stake in LSI Industries by 1.4% during the 4th quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company's stock valued at $7,903,000 after buying an additional 5,470 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its position in shares of LSI Industries by 0.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company's stock valued at $6,481,000 after purchasing an additional 3,000 shares in the last quarter. 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.