LSI Industries (NASDAQ:LYTS) Sets New 12-Month Low – Should You Sell?

Shares of LSI Industries Inc. (NASDAQ:LYTS) reached a new 52-week low on Thursday. The company traded as low as $15.67 and last traded at $15.9250, with a volume of 19,135 shares trading hands. The stock had previously closed at $15.96.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Oppenheimer cut their price objective on LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Morgan Stanley set a $30.00 price target on shares of LSI Industries in a report on Friday, August 21st. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. Finally, HC Wainwright reiterated a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a research report on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

LSI Industries Trading Down 1.2%

The company has a quick ratio of 1.22, a current ratio of 2.00 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $20.05 and a 200 day simple moving average of $21.90. The firm has a market capitalization of $588.75 million, a P/E ratio of 24.95 and a beta of 0.54.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, November 5th. The construction company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.12). The business had revenue of $225.85 million during the quarter, compared to analysts’ expectations of $225.00 million. LSI Industries had a net margin of 2.96% and a return on equity of 6.75%. As a group, research analysts forecast that LSI Industries Inc. will post 0.82 EPS for the current year.

LSI Industries Announces Dividend

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

Insiders Place Their Bets

In related news, CFO James Galeese sold 4,778 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total value of $96,897.84. Following the transaction, the chief financial officer directly owned 185,962 shares of the company’s stock, valued at approximately $3,771,309.36. The trade was a 2.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernest W. Marshall, Jr. purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $19.73 per share, for a total transaction of $39,460.00. Following the completion of the acquisition, the director owned 28,643 shares in the company, valued at $565,126.39. This represents a 7.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 96,345 shares of company stock worth $1,928,267 over the last quarter. Company insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On LSI Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of LSI Industries in the second quarter worth $72,118,000. GW&K Investment Management LLC purchased a new position in LSI Industries during the third quarter valued at $16,496,000. Bank of New York Mellon Corp purchased a new position in LSI Industries during the second quarter valued at $6,232,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in LSI Industries during the second quarter valued at $5,324,000. Finally, Globeflex Capital L P bought a new stake in LSI Industries in the 2nd quarter valued at $5,194,000. 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.