Brokerages Set LSI Industries Inc. (NASDAQ:LYTS) Target Price at $28.75

LSI Industries Inc. (NASDAQ:LYTS) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $28.75.

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Oppenheimer initiated coverage on LSI Industries in a report on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday.

LSI Industries Price Performance

Shares of LYTS stock opened at $24.30 on Friday. The company has a market capitalization of $892.05 million, a PE ratio of 32.40 and a beta of 0.53. The firm has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $22.02. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. LSI Industries has a twelve month low of $17.20 and a twelve month high of $27.36.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The firm had revenue of $150.53 million for the quarter, compared to analyst estimates of $163.53 million. Equities research analysts anticipate that LSI Industries will post 0.78 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 4th. LSI Industries’s dividend payout ratio is 26.67%.

Insider Transactions at LSI Industries

In other LSI Industries news, EVP Thomas A. Caneris sold 109,226 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the transaction, the executive vice president directly owned 64,790 shares in the company, valued at $1,573,749.10. This represents a 62.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wilfred T. Ogara sold 10,369 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director directly owned 103,686 shares of the company’s stock, valued at approximately $2,497,795.74. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 256,173 shares of company stock valued at $6,220,368. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LSI Industries

Institutional investors have recently modified their holdings of the stock. Bailard Inc. grew its stake in LSI Industries by 3.4% in the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock worth $280,000 after purchasing an additional 500 shares in the last quarter. Quantinno Capital Management LP raised its stake in LSI Industries by 1.2% during the first quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock valued at $858,000 after buying an additional 536 shares in the last quarter. New York State Teachers Retirement System raised its stake in LSI Industries by 28.5% during the first quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock valued at $46,000 after buying an additional 554 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in LSI Industries by 57.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after buying an additional 625 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in LSI Industries by 11.8% during the 2nd quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after buying an additional 635 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

About LSI Industries

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.