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

Shares of LSI Industries Inc. (NASDAQ:LYTS) have received an average rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $27.6667.

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

LSI Industries Stock Down 1.2%

Shares of LSI Industries stock opened at $18.78 on Monday. The stock’s 50-day moving average is $19.80 and its 200 day moving average is $19.94. LSI Industries has a one year low of $13.77 and a one year high of $25.50. The firm has a market cap of $583.87 million, a price-to-earnings ratio of 23.48 and a beta of 0.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.36.

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 firm had revenue of $97.02 million for the quarter. LSI Industries had a return on equity of 10.96% and a net margin of 4.21%. Equities research analysts anticipate that LSI Industries will post 0.7 EPS for the current 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, November 17th. LSI Industries’s dividend payout ratio is 25.00%.

Institutional Investors Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of LSI Industries during the first quarter worth approximately $34,000. State of Alaska Department of Revenue bought a new stake in LSI Industries during the 3rd quarter valued at $38,000. EverSource Wealth Advisors LLC acquired a new position in LSI Industries during the second quarter worth $47,000. Quarry LP bought a new position in shares of LSI Industries in the third quarter valued at $55,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of LSI Industries by 711.7% in the third quarter. Russell Investments Group Ltd. now owns 2,703 shares of the construction company’s stock valued at $64,000 after buying an additional 2,370 shares in 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.