LSI Industries (NASDAQ:LYTS - Get Free Report) announced its earnings results on Thursday. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.09, Zacks reports. LSI Industries had a net margin of 4.00% and a return on equity of 10.24%.
LSI Industries Price Performance
Shares of NASDAQ LYTS opened at $19.30 on Thursday. The stock has a market cap of $577.48 million, a P/E ratio of 26.81 and a beta of 0.32. The firm's 50-day simple moving average is $17.75 and its 200 day simple moving average is $17.36. LSI Industries has a fifty-two week low of $13.77 and a fifty-two week high of $25.50. The company has a quick ratio of 1.25, a current ratio of 2.08 and a debt-to-equity ratio of 0.24.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on LYTS shares. Wall Street Zen downgraded shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Canaccord Genuity Group decreased their price objective on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, HC Wainwright reissued a "buy" rating and issued a $30.00 target price on shares of LSI Industries in a research report on Friday, April 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, LSI Industries has an average rating of "Buy" and a consensus target price of $26.00.
Get Our Latest Report on LYTS
Institutional Trading of LSI Industries
Several large investors have recently added to or reduced their stakes in LYTS. AQR Capital Management LLC lifted its position in shares of LSI Industries by 26.7% in the first quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company's stock worth $1,039,000 after purchasing an additional 12,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of LSI Industries during the 1st quarter valued at $560,000. Strs Ohio acquired a new position in shares of LSI Industries in the first quarter worth $34,000. Finally, Quantbot Technologies LP raised its holdings in shares of LSI Industries by 133.3% during the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company's stock worth $95,000 after acquiring an additional 3,206 shares in the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.
LSI Industries Company Profile
(
Get Free Report)
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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