LSI Industries (NASDAQ:LYTS) Stock Rating Upgraded by Wall Street Zen

Key Points

• LSI Industries' stock rating has been upgraded from "buy" to a "strong-buy"" by Wall Street Zen, reflecting increased investor confidence.
• The company reported quarterly earnings of $0.26 EPS, exceeding analysts' expectations of $0.17, with revenues also surpassing forecasts at $155.07 million.
• Institutional investors hold 73.91% of LSI Industries' stock, indicating significant institutional interest and support in the company.

LSI Industries (NASDAQ:LYTS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday.

LSI Industries Stock Performance

Shares of LYTS opened at $23.66 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 2.08. The stock has a 50 day moving average price of $17.98 and a two-hundred day moving average price of $17.35. The firm has a market capitalization of $707.93 million, a P/E ratio of 29.95 and a beta of 0.32. LSI Industries has a 52 week low of $13.77 and a 52 week high of $25.50.

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. The firm had revenue of $155.07 million during the quarter, compared to analyst estimates of $138.89 million. LSI Industries had a return on equity of 11.25% and a net margin of 4.25%. Equities analysts forecast that LSI Industries will post 0.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LSI Industries

Institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in shares of LSI Industries in the first quarter valued at approximately $34,000. Russell Investments Group Ltd. grew its holdings in shares of LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after acquiring an additional 1,888 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of LSI Industries in the fourth quarter valued at approximately $46,000. EverSource Wealth Advisors LLC bought a new position in shares of LSI Industries in the second quarter valued at approximately $47,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of LSI Industries by 22.0% in the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company's stock valued at $69,000 after acquiring an additional 736 shares in the last quarter. 73.91% of the stock is owned by institutional investors.

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.

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