LSI Industries Inc. (NASDAQ:LYTS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.20 and traded as high as $23.85. LSI Industries shares last traded at $23.44, with a volume of 139,463 shares changing hands.
Wall Street Analyst Weigh In
LYTS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th. Canaccord Genuity Group upped their target price on shares of LSI Industries from $22.00 to $25.00 and gave the company a "buy" rating in a report on Monday, August 25th. Finally, Craig Hallum restated a "buy" rating and issued a $28.00 target price on shares of LSI Industries in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, LSI Industries presently has an average rating of "Buy" and an average target price of $27.67.
Read Our Latest Analysis on LSI Industries
LSI Industries Stock Performance
The stock has a market cap of $716.51 million, a price-to-earnings ratio of 29.67 and a beta of 0.26. The stock's 50 day moving average is $21.42 and its two-hundred day moving average is $18.20. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 0.19.
LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.09. The firm had revenue of $155.07 million during the quarter, compared to analysts' expectations of $138.89 million. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. Analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.
LSI Industries Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 0.9%. LSI Industries's dividend payout ratio is currently 25.32%.
Insider Buying and Selling
In related news, VP Thomas A. Caneris sold 7,544 shares of the stock in a transaction 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 completion of the sale, the vice president owned 114,016 shares in the company, valued at $2,631,489.28. This represents a 6.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Anthony Clark sold 26,597 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $613,858.76. Following the transaction, the chief executive officer owned 421,313 shares of the company's stock, valued at approximately $9,723,904.04. The trade was a 5.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,780 shares of company stock worth $2,198,983 in the last 90 days. Company insiders own 7.30% of the company's stock.
Hedge Funds Weigh In On LSI Industries
A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of LSI Industries by 86.3% in the 4th quarter. Bank of America Corp DE now owns 70,356 shares of the construction company's stock valued at $1,366,000 after purchasing an additional 32,600 shares in the last quarter. Squarepoint Ops LLC increased its holdings in shares of LSI Industries by 18.0% in the 4th quarter. Squarepoint Ops LLC now owns 16,254 shares of the construction company's stock valued at $316,000 after purchasing an additional 2,476 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of LSI Industries by 4,116.3% in the 1st quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock valued at $181,000 after purchasing an additional 10,373 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of LSI Industries by 2.1% in the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after purchasing an additional 858 shares in the last quarter. Finally, Annex Advisory Services LLC increased its holdings in shares of LSI Industries by 1.7% in the 1st quarter. Annex Advisory Services LLC now owns 139,127 shares of the construction company's stock valued at $2,365,000 after purchasing an additional 2,380 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.
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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