LSI Industries (NASDAQ:LYTS) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of LSI Industries (NASDAQ:LYTS - Free Report) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

A number of other research firms also recently weighed in on LYTS. HC Wainwright upped their target price on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Canaccord Genuity Group upped their target price on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, January 24th.

LSI Industries Stock Performance

NASDAQ LYTS traded up $0.16 on Tuesday, reaching $14.87. The stock had a trading volume of 331,827 shares, compared to its average volume of 131,070. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The firm has a fifty day moving average of $17.06 and a two-hundred day moving average of $18.60. LSI Industries has a 1-year low of $13.63 and a 1-year high of $25.50. The company has a market cap of $444.93 million, a P/E ratio of 19.31 and a beta of 0.70.

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

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th will be given a $0.05 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.20 annualized dividend and a yield of 1.34%. LSI Industries's dividend payout ratio is presently 27.78%.

Hedge Funds Weigh In On LSI Industries

Several large investors have recently bought and sold shares of LYTS. Russell Investments Group Ltd. increased its stake in shares of LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after buying an additional 1,888 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of LSI Industries in the fourth quarter valued at about $46,000. Fortitude Family Office LLC increased its stake in shares of LSI Industries by 1,559.9% in the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock valued at $62,000 after buying an additional 2,995 shares during the period. Quantbot Technologies LP increased its stake in shares of LSI Industries by 777.3% in the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock valued at $71,000 after buying an additional 3,218 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of LSI Industries in the fourth quarter valued at about $82,000. 73.91% of the stock is currently owned by 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.