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

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

LYTS has been the topic of several other reports. 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. Canaccord Genuity Group decreased their price target on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, April 25th.

LSI Industries Stock Performance

LSI Industries stock traded up $0.09 during midday trading on Friday, reaching $16.35. 166,135 shares of the company traded hands, compared to its average volume of 133,148. The firm has a market capitalization of $489.21 million, a price-to-earnings ratio of 21.23 and a beta of 0.27. The business has a 50 day moving average of $15.86 and a two-hundred day moving average of $18.15. LSI Industries has a 12 month low of $13.63 and a 12 month high of $25.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. The company had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. As a group, research analysts predict that LSI Industries will post 0.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Systematic Financial Management LP lifted its position in shares of LSI Industries by 0.9% during the 1st quarter. Systematic Financial Management LP now owns 2,565,826 shares of the construction company's stock valued at $43,619,000 after buying an additional 22,982 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of LSI Industries by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,624,265 shares of the construction company's stock valued at $27,613,000 after buying an additional 47,341 shares in the last quarter. WealthTrust Axiom LLC lifted its stake in shares of LSI Industries by 1.1% during the 4th quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company's stock valued at $13,530,000 after buying an additional 7,647 shares in the last quarter. G2 Investment Partners Management LLC lifted its stake in shares of LSI Industries by 1.4% during the 4th quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company's stock valued at $7,903,000 after buying an additional 5,470 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of LSI Industries by 0.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company's stock valued at $6,481,000 after buying an additional 3,000 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other 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.