LSI Industries (NASDAQ:LYTS) Sets New 12-Month High – Still a Buy?

LSI Industries Inc. (NASDAQ:LYTS) shares hit a new 52-week high during trading on Monday . The stock traded as high as $24.99 and last traded at $24.8040, with a volume of 8067 shares trading hands. The stock had previously closed at $24.42.

Analyst Ratings Changes

Several research analysts have commented on LYTS shares. Canaccord Genuity Group boosted their price objective on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of LSI Industries in a report on Friday. Wall Street Zen upgraded shares of LSI Industries from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. HC Wainwright reiterated a “buy” rating and set a $30.00 price target on shares of LSI Industries in a report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, LSI Industries has a consensus rating of “Moderate Buy” and an average target price of $28.33.

LSI Industries Stock Performance

The company has a market cap of $757.92 million, a PE ratio of 32.28 and a beta of 0.54. The business’s 50-day moving average is $20.32 and its 200 day moving average is $20.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 2.15.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) 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 9.95%. The firm had revenue of $150.53 million during the quarter, compared to analysts’ expectations of $163.53 million. On average, equities research analysts predict that LSI Industries Inc. will post 0.81 EPS for the current fiscal year.

LSI Industries Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new position in shares of LSI Industries during the third quarter valued at approximately $10,288,000. Royce & Associates LP boosted its position in shares of LSI Industries by 50.0% during the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock worth $24,678,000 after acquiring an additional 348,598 shares during the last quarter. Juniper Investment Company LLC boosted its position in shares of LSI Industries by 211.0% during the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock worth $6,256,000 after acquiring an additional 231,693 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of LSI Industries by 163.7% during the third quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock worth $8,015,000 after acquiring an additional 210,728 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in LSI Industries by 402.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 198,433 shares of the construction company’s stock valued at $4,685,000 after purchasing an additional 158,934 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

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.