LSI Industries (NASDAQ:LYTS) Lowered to Hold (C+) Rating by Weiss Ratings

Key Points

• LSI Industries has been downgraded by Weiss Ratings from a "buy (b-)" to a "hold (c+)" rating, reflecting a shift in analyst sentiment regarding the company's performance.
• Despite the downgrade, other analysts have maintained positive views, with a reported consensus target price of $27.67 and ratings ranging from "buy" to "strong sell."
• Insider trading activity has seen significant stock sales, including a 6.21% decrease in holdings by VP Thomas A. Caneris and a 23.95% reduction by CFO James E. Galeese.

LSI Industries (NASDAQ:LYTS - Get Free Report) was downgraded by equities research analysts at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a research note issued on Wednesday,Weiss Ratings reports.

Several other analysts have also weighed in on LYTS. Craig Hallum restated a "buy" rating and issued a $28.00 price objective on shares of LSI Industries in a report on Friday, August 22nd. Canaccord Genuity Group upped their target price on LSI Industries from $22.00 to $25.00 and gave the company a "buy" rating in a report on Monday, August 25th. Wall Street Zen raised LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th. Finally, Zacks Research downgraded LSI Industries from a "hold" rating to a "strong sell" rating in a report on Monday. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.67.

LSI Industries Price Performance

Shares of NASDAQ LYTS opened at $22.11 on Wednesday. LSI Industries has a twelve month low of $13.77 and a twelve month high of $25.50. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $675.86 million, a price-to-earnings ratio of 27.99 and a beta of 0.26. The business has a 50 day simple moving average of $21.74 and a 200-day simple moving average of $18.34.

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

Insider Activity

In other news, VP Thomas A. Caneris sold 7,544 shares of LSI Industries stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $174,115.52. Following the completion of the sale, the vice president directly owned 114,016 shares of the company's stock, valued at approximately $2,631,489.28. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James E. Galeese sold 54,575 shares of LSI Industries stock in a transaction on Monday, September 8th. The stock was sold at an average price of $23.29, for a total value of $1,271,051.75. Following the sale, the chief financial officer directly owned 173,288 shares of the company's stock, valued at approximately $4,035,877.52. This trade represents a 23.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,780 shares of company stock valued at $2,198,983. Company insiders own 7.30% of the company's stock.

Institutional Trading of LSI Industries

Several institutional investors and hedge funds have recently bought and sold shares of LYTS. GAMMA Investing LLC raised its holdings in LSI Industries by 4,116.3% during the first quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock worth $181,000 after acquiring an additional 10,373 shares in the last quarter. Rhumbline Advisers grew its position in shares of LSI Industries by 2.1% in the first quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after purchasing an additional 858 shares during the last quarter. Alps Advisors Inc. acquired a new position in shares of LSI Industries in the first quarter valued at approximately $350,000. Crestwood Advisors Group LLC acquired a new position in shares of LSI Industries in the first quarter valued at approximately $451,000. Finally, Knights of Columbus Asset Advisors LLC grew its position in shares of LSI Industries by 160.9% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 118,035 shares of the construction company's stock valued at $2,007,000 after purchasing an additional 72,801 shares during the last quarter. Institutional investors own 73.91% of the company's stock.

About LSI Industries

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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