LSI Industries (NASDAQ:LYTS) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• LSI Industries shares crossed above their 50-day moving average, trading around $20.61 versus the $20.54 average, while remaining below the 200-day average of $21.96.
• Analyst sentiment is broadly positive: the stock has a consensus “Moderate Buy” rating and a $29.00 price target, implying substantial upside from its recent trading level.
• The company exceeded quarterly earnings and revenue expectations and pays a $0.05 quarterly dividend, but recent insider activity was mixed, with one director buying shares while an executive and other insiders sold stock.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $20.54 and traded as high as $20.83. LSI Industries shares last traded at $20.61, with a volume of 222,126 shares traded.

Analyst Ratings Changes

LYTS has been the subject of several recent analyst reports. HC Wainwright reissued a "buy" rating and issued a $30.00 price objective on shares of LSI Industries in a report on Friday, October 2nd. Wall Street Zen upgraded shares of LSI Industries from a "hold" rating to a "buy" rating in a research note on Saturday, September 26th. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research report on Friday, August 21st. Weiss Ratings upgraded shares of LSI Industries from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Finally, Oppenheimer decreased their target price on shares of LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, LSI Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.00.

LSI Industries Price Performance

The stock has a market capitalization of $768.96 million, a P/E ratio of 30.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.97. The business has a fifty day simple moving average of $20.54 and a 200-day simple moving average of $21.96.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $234.62 million during the quarter, compared to analyst estimates of $222.78 million. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. Sell-side analysts expect that LSI Industries Inc. will post 0.82 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st were issued a dividend of $0.05 per share. The ex-dividend date was Monday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. LSI Industries's dividend payout ratio is currently 29.85%.

Insider Activity at LSI Industries

In related news, Director Ernest W. Marshall, Jr. acquired 2,000 shares of the business's stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $19.73 per share, with a total value of $39,460.00. Following the transaction, the director directly owned 28,643 shares of the company's stock, valued at $565,126.39. This trade represents a 7.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Caneris sold 5,560 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total value of $111,700.40. Following the completion of the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,345 shares of company stock worth $1,928,267 over the last three months. 4.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYTS. BlackRock Inc. acquired a new stake in LSI Industries in the 2nd quarter valued at $72,118,000. Bank of New York Mellon Corp bought a new stake in shares of LSI Industries in the second quarter valued at approximately $6,232,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of LSI Industries in the second quarter valued at $5,324,000. Globeflex Capital L P bought a new stake in shares of LSI Industries during the 2nd quarter valued at $5,194,000. Finally, Sei Investments Co. lifted its holdings in LSI Industries by 259.7% during the 1st quarter. Sei Investments Co. now owns 264,336 shares of the construction company's stock worth $4,917,000 after purchasing an additional 190,840 shares in the last quarter. Institutional investors own 73.91% of the company's stock.

LSI Industries Company Profile

LSI Industries Inc NASDAQ: LYTS designs and manufactures commercial lighting and display solutions for businesses and organizations. Its offerings include indoor and outdoor LED lighting, lighting controls, digital signage, visual display systems, and related graphics and branding products.

The company serves a range of markets, including petroleum and convenience stores, quick-service restaurants, automotive dealerships, grocery and retail locations, sports facilities, and other commercial and industrial environments.

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