LSI Industries (NASDAQ:LYTS) Reaches New 1-Year Low - What's Next?

Key Points

• LSI Industries hit a new 52-week low, trading as low as $15.67 before closing at $15.925.
• The company reported quarterly EPS of $0.19, below analysts’ $0.31 estimate, while revenue of $225.85 million slightly exceeded expectations.
• Despite recent rating downgrades to Hold, analysts’ consensus remains Moderate Buy, with an average price target of $29.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report)'s share price reached a new 52-week low during trading on Thursday. The stock traded as low as $15.67 and last traded at $15.9250, with a volume of 19,135 shares changing hands. The stock had previously closed at $15.96.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LYTS. Wall Street Zen downgraded LSI Industries from a "buy" rating to a "hold" rating in a report on Saturday, November 7th. Weiss Ratings cut shares of LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 30th. HC Wainwright restated a "buy" rating and set a $30.00 target price on shares of LSI Industries in a research note on Friday, October 2nd. Oppenheimer dropped their price target on shares of LSI Industries from $30.00 to $29.00 and set an "outperform" rating on the stock in a report on Friday, August 21st. Finally, Morgan Stanley set a $30.00 price target on shares of LSI Industries in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.00.

LSI Industries Stock Performance

The business has a 50-day moving average of $20.05 and a 200 day moving average of $21.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.00 and a quick ratio of 1.22. The company has a market cap of $588.75 million, a PE ratio of 24.95 and a beta of 0.54.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, November 5th. The construction company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.12). LSI Industries had a return on equity of 6.75% and a net margin of 2.96%. The firm had revenue of $225.85 million during the quarter, compared to analysts' expectations of $225.00 million. Equities research analysts anticipate that LSI Industries Inc. will post 0.82 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, November 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.3%. LSI Industries's dividend payout ratio (DPR) is presently 31.75%.

Insider Buying and Selling at LSI Industries

In other LSI Industries news, EVP Thomas A. Caneris sold 5,560 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $111,700.40. Following the completion of the sale, the executive vice president directly owned 76,279 shares of the company's stock, valued at approximately $1,532,445.11. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James E. Galeese sold 8,269 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total transaction of $166,124.21. Following the completion of the transaction, the chief financial officer owned 190,740 shares in the company, valued at $3,831,966.60. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 96,345 shares of company stock worth $1,928,267. 4.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LSI Industries

A number of hedge funds have recently modified their holdings of LYTS. GW&K Investment Management LLC purchased a new stake in shares of LSI Industries in the 3rd quarter worth $16,496,000. Boston Partners lifted its position in LSI Industries by 6.7% during the third quarter. Boston Partners now owns 856,444 shares of the construction company's stock valued at $17,790,000 after purchasing an additional 53,456 shares in the last quarter. Royce & Associates LP grew its holdings in LSI Industries by 1.7% during the third quarter. Royce & Associates LP now owns 1,868,276 shares of the construction company's stock valued at $38,767,000 after purchasing an additional 31,685 shares during the period. North Star Investment Management Corp. grew its holdings in LSI Industries by 0.9% during the third quarter. North Star Investment Management Corp. now owns 185,193 shares of the construction company's stock valued at $3,843,000 after purchasing an additional 1,730 shares during the period. Finally, Annex Advisory Services LLC grew its holdings in LSI Industries by 11.9% during the third quarter. Annex Advisory Services LLC now owns 97,958 shares of the construction company's stock valued at $2,033,000 after purchasing an additional 10,431 shares during the period. Institutional investors own 73.91% of the company's stock.

LSI Industries Company Profile

LSI Industries designs and manufactures lighting, graphics and visual display solutions for commercial customers. Its offerings include indoor and outdoor LED lighting, lighting controls, poles and related components, as well as signage, graphics and display fixtures. The company serves businesses in markets such as retail, grocery, convenience stores, restaurants, automotive and industrial facilities. Its products are used to illuminate and support customer-facing spaces, including stores, fuel stations and other commercial properties.

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