LSI Industries Inc. (NASDAQ:LYTS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $28.3333.

LYTS has been the topic of a number of analyst reports. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings lowered shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $24.74 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $21.25 and a two-hundred day moving average price of $20.39. LSI Industries has a twelve month low of $15.76 and a twelve month high of $24.99. The company has a market capitalization of $908.21 million, a P/E ratio of 32.99 and a beta of 0.54.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). The company had revenue of $150.53 million for the quarter, compared to analyst estimates of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. As a group, research analysts expect that LSI Industries will post 0.81 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in LSI Industries by 205.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,031 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after buying an additional 625 shares during the period. Strs Ohio purchased a new stake in LSI Industries in the 1st quarter valued at about $34,000. New York State Teachers Retirement System purchased a new stake in LSI Industries in the 4th quarter valued at about $36,000. Finally, State of Alaska Department of Revenue purchased a new stake in LSI Industries in the 3rd quarter valued at about $38,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

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.