LSI Industries Inc. (NASDAQ:LYTS) Stock Has Average Price Target of $29.00

Shares of LSI Industries Inc. (NASDAQ:LYTS) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

A number of brokerages have issued reports on LYTS. Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. Morgan Stanley set a $30.00 target price on shares of LSI Industries in a report on Friday, August 21st. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Oppenheimer cut their price objective on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a report on Friday, October 2nd.

Insider Transactions at LSI Industries

In related news, CEO James Clark sold 23,706 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $476,253.54. Following the completion of the transaction, the chief executive officer owned 609,641 shares in the company, valued at approximately $12,247,687.69. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James E. Galeese sold 8,269 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $166,124.21. Following the completion of the transaction, the chief financial officer directly owned 190,740 shares of the company’s stock, valued at approximately $3,831,966.60. This trade represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,345 shares of company stock valued at $1,928,267 in the last ninety days. Corporate insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On LSI Industries

Hedge funds have recently bought and sold shares of the company. GW&K Investment Management LLC bought a new stake in shares of LSI Industries during the 3rd quarter worth approximately $16,496,000. Boston Partners increased its holdings in shares of LSI Industries by 6.7% during the third quarter. Boston Partners now owns 856,444 shares of the construction company’s stock worth $17,790,000 after buying an additional 53,456 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of LSI Industries by 1.7% during the 3rd quarter. Royce & Associates LP now owns 1,868,276 shares of the construction company’s stock valued at $38,767,000 after acquiring an additional 31,685 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of LSI Industries by 0.9% during the third quarter. North Star Investment Management Corp. now owns 185,193 shares of the construction company’s stock worth $3,843,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Annex Advisory Services LLC grew its holdings in LSI Industries by 11.9% during the 3rd quarter. Annex Advisory Services LLC now owns 97,958 shares of the construction company’s stock worth $2,033,000 after acquiring an additional 10,431 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Stock Performance

LYTS opened at $15.96 on Thursday. LSI Industries has a 52-week low of $15.83 and a 52-week high of $27.36. The stock has a 50-day moving average of $20.05 and a 200-day moving average of $21.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.22 and a current ratio of 2.00. The company has a market cap of $595.63 million, a PE ratio of 25.33 and a beta of 0.54.

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

LSI Industries Announces Dividend

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

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.