LSI Industries Inc. (NASDAQ:LYTS) Receives $27.67 Consensus PT from Brokerages

Shares of LSI Industries Inc. (NASDAQ:LYTS) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.6667.

Several equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 22nd. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LYTS. Vanguard Group Inc. lifted its stake in shares of LSI Industries by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,624,265 shares of the construction company’s stock worth $27,613,000 after buying an additional 47,341 shares in the last quarter. Nuveen LLC purchased a new stake in LSI Industries during the 1st quarter valued at $1,432,000. State of Wyoming bought a new stake in shares of LSI Industries in the 1st quarter worth $244,000. Expect Equity LLC raised its stake in shares of LSI Industries by 11.2% in the first quarter. Expect Equity LLC now owns 136,854 shares of the construction company’s stock worth $2,327,000 after purchasing an additional 13,730 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of LSI Industries by 26.7% in the first quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 12,876 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Down 1.2%

NASDAQ:LYTS opened at $18.78 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.36. The firm’s 50-day moving average price is $19.80 and its 200-day moving average price is $19.99. The company has a market capitalization of $583.87 million, a PE ratio of 23.48 and a beta of 0.19. LSI Industries has a 1-year low of $13.77 and a 1-year high of $25.50.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $97.02 million during the quarter. LSI Industries had a net margin of 4.21% and a return on equity of 10.96%. On average, equities analysts predict that LSI Industries will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 17th were paid a $0.05 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. LSI Industries’s payout ratio is presently 25.00%.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.