LSI Industries' (LYTS) Buy Rating Reiterated at HC Wainwright

LSI Industries (NASDAQ:LYTS - Get Free Report)'s stock had its "buy" rating reissued by analysts at HC Wainwright in a report issued on Monday, Benzinga reports. They presently have a $20.00 price objective on the construction company's stock. HC Wainwright's target price suggests a potential upside of 37.74% from the company's current price.

Separately, StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 3rd.

LSI Industries Price Performance

LYTS stock traded down $0.18 during mid-day trading on Monday, reaching $14.52. The company's stock had a trading volume of 85,489 shares, compared to its average volume of 105,141. The stock has a market cap of $422.10 million, a PE ratio of 15.96 and a beta of 0.85. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. LSI Industries has a fifty-two week low of $11.44 and a fifty-two week high of $16.97. The company's 50 day moving average is $14.53 and its two-hundred day moving average is $14.16.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.13. The business had revenue of $109.01 million during the quarter, compared to the consensus estimate of $107.70 million. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. Equities research analysts expect that LSI Industries will post 0.89 EPS for the current year.

Institutional Trading of LSI Industries

Institutional investors have recently added to or reduced their stakes in the stock. Legato Capital Management LLC increased its holdings in LSI Industries by 37.9% in the 4th quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company's stock valued at $5,301,000 after purchasing an additional 103,480 shares during the last quarter. New York State Common Retirement Fund boosted its position in LSI Industries by 1,506.6% in the 3rd quarter. New York State Common Retirement Fund now owns 163,873 shares of the construction company's stock valued at $2,602,000 after buying an additional 153,673 shares during the period. Trexquant Investment LP boosted its position in LSI Industries by 115.0% in the 3rd quarter. Trexquant Investment LP now owns 30,273 shares of the construction company's stock valued at $481,000 after buying an additional 16,194 shares during the period. Citigroup Inc. boosted its position in LSI Industries by 66.6% in the 3rd quarter. Citigroup Inc. now owns 29,349 shares of the construction company's stock valued at $466,000 after buying an additional 11,731 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in LSI Industries in the 3rd quarter valued at approximately $1,073,000. Institutional investors and hedge funds own 73.91% of the company's stock.

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.