LSI Industries (NASDAQ:LYTS) Stock Rating Upgraded by Zacks Research

LSI Industries (NASDAQ:LYTS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Canaccord Genuity Group upped their price objective on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of LSI Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

LSI Industries Stock Performance

Shares of NASDAQ:LYTS opened at $18.60 on Monday. LSI Industries has a 1 year low of $13.77 and a 1 year high of $24.75. The stock has a market capitalization of $579.07 million, a price-to-earnings ratio of 22.68 and a beta of 0.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.15 and a quick ratio of 1.21. The company’s 50 day simple moving average is $20.99 and its 200 day simple moving average is $20.69.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 22nd. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%.The firm had revenue of $147.00 million during the quarter, compared to analysts’ expectations of $140.11 million. As a group, research analysts predict that LSI Industries will post 0.7 EPS for the current fiscal year.

Hedge Funds Weigh In On LSI Industries

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of LSI Industries by 26.7% during the first quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after purchasing an additional 12,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in LSI Industries by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock valued at $292,000 after buying an additional 1,113 shares during the last quarter. Jane Street Group LLC acquired a new stake in LSI Industries during the 1st quarter worth approximately $560,000. Strs Ohio acquired a new stake in LSI Industries during the 1st quarter worth approximately $34,000. Finally, Franklin Resources Inc. grew its holdings in LSI Industries by 11.2% during the 2nd quarter. Franklin Resources Inc. now owns 41,100 shares of the construction company’s stock worth $699,000 after acquiring an additional 4,149 shares during the last quarter. 73.91% of the stock is currently owned by 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.