LSI Industries (NASDAQ:LYTS - Free Report) had its price target lifted by Canaccord Genuity Group from $17.00 to $18.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the construction company's stock.
A number of other equities analysts have also recently issued reports on LYTS. StockNews.com upgraded LSI Industries from a buy rating to a strong-buy rating in a report on Saturday, February 3rd. HC Wainwright restated a buy rating and issued a $20.00 price target on shares of LSI Industries in a research note on Monday.
View Our Latest Analysis on LSI Industries
LSI Industries Stock Performance
LYTS stock traded down $0.41 during midday trading on Friday, hitting $14.77. The company's stock had a trading volume of 112,429 shares, compared to its average volume of 105,096. The stock's 50-day moving average price is $14.57 and its 200 day moving average price is $14.16. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. LSI Industries has a 1 year low of $11.44 and a 1 year high of $16.97. The stock has a market cap of $429.36 million, a price-to-earnings ratio of 16.18 and a beta of 0.85.
LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, January 25th. The construction company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.13. LSI Industries had a return on equity of 14.91% and a net margin of 5.71%. The business had revenue of $109.01 million for the quarter, compared to analyst estimates of $107.70 million. On average, equities analysts forecast that LSI Industries will post 0.89 EPS for the current year.
LSI Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.20 annualized dividend and a yield of 1.35%. LSI Industries's payout ratio is currently 21.98%.
Institutional Trading of LSI Industries
A number of large investors have recently modified their holdings of LYTS. Wellington Management Group LLP raised its stake in LSI Industries by 1.4% in the fourth quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company's stock worth $6,640,000 after buying an additional 6,500 shares in the last quarter. G2 Investment Partners Management LLC boosted its stake in shares of LSI Industries by 23.5% during the 4th quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company's stock worth $5,982,000 after acquiring an additional 80,818 shares in the last quarter. Legato Capital Management LLC boosted its stake in shares of LSI Industries by 37.9% during the 4th quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company's stock worth $5,301,000 after acquiring an additional 103,480 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in LSI Industries by 26.6% in the 4th quarter. First Eagle Investment Management LLC now owns 283,142 shares of the construction company's stock valued at $3,987,000 after buying an additional 59,542 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in LSI Industries by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 281,795 shares of the construction company's stock valued at $4,475,000 after buying an additional 2,146 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.
About LSI Industries
(
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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