LSI Industries Inc. (NASDAQ:LYTS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.32 and traded as high as $24.65. LSI Industries shares last traded at $24.56, with a volume of 344,272 shares trading hands.
Analysts Set New Price Targets
Several research firms recently issued reports on LYTS. Wall Street Zen raised LSI Industries from a "hold" rating to a "buy" rating in a research note on Sunday, February 15th. HC Wainwright reissued a "buy" rating and set a $30.00 target price on shares of LSI Industries in a research note on Tuesday, January 27th. Zacks Research raised LSI Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Canaccord Genuity Group increased their target price on LSI Industries from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.33.
Get Our Latest Stock Analysis on LYTS
LSI Industries Trading Up 0.6%
The firm has a market cap of $764.55 million, a PE ratio of 32.75 and a beta of 0.54. The company has a current ratio of 2.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average price of $20.32 and a 200 day moving average price of $20.32.
LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.34). The firm had revenue of $150.53 million during the quarter, compared to analyst estimates of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 9.95%. Analysts forecast that LSI Industries Inc. will post 0.81 EPS for the current year.
LSI Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, May 4th. LSI Industries's dividend payout ratio (DPR) is presently 26.67%.
Institutional Trading of LSI Industries
Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in LSI Industries by 205.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company's stock valued at $28,000 after purchasing an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company's stock valued at $31,000 after purchasing an additional 625 shares in the last quarter. Strs Ohio purchased a new position in LSI Industries in the 1st quarter valued at approximately $34,000. New York State Teachers Retirement System purchased a new position in LSI Industries in the 4th quarter valued at approximately $36,000. Finally, State of Alaska Department of Revenue purchased a new position in LSI Industries in the 3rd quarter valued at approximately $38,000. 73.91% of the stock is owned by institutional investors and hedge funds.
About LSI Industries
(
Get Free Report)
LSI Industries, Inc NASDAQ: LYTS is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.
In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider LSI Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LSI Industries wasn't on the list.
While LSI Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
