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

LSI Industries Inc. (NASDAQ:LYTS) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation 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.

LYTS has been the subject of a number of recent analyst reports. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research report on Friday, August 21st. Oppenheimer reduced their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a research note on Saturday. HC Wainwright reaffirmed a “buy” rating on shares of LSI Industries in a research report on Friday, August 21st. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday.

Insider Activity at LSI Industries

In other 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 sale, the chief executive officer owned 609,641 shares of the company’s stock, valued at $12,247,687.69. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James E. Galeese sold 8,269 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total transaction of $166,124.21. Following the sale, the chief financial officer owned 190,740 shares in the company, valued at approximately $3,831,966.60. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 96,345 shares of company stock worth $1,928,267. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On LSI Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its position in shares of LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after purchasing an additional 625 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in LSI Industries during the second quarter worth $31,000. Northwestern Mutual Wealth Management Co. bought a new position in LSI Industries in the second quarter valued at $41,000. PenderFund Capital Management Ltd. bought a new position in LSI Industries in the second quarter valued at $41,000. Finally, New York State Teachers Retirement System increased its stake in LSI Industries by 28.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock valued at $46,000 after buying an additional 554 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Stock Up 0.7%

Shares of NASDAQ:LYTS opened at $21.09 on Wednesday. LSI Industries has a 52 week low of $17.20 and a 52 week high of $27.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.97. The company has a market capitalization of $785.81 million, a PE ratio of 31.48 and a beta of 0.52. The company has a 50 day moving average price of $21.98 and a two-hundred day moving average price of $22.39.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. The company had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. Analysts forecast that LSI Industries will post 0.82 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 31st. LSI Industries’s dividend payout ratio (DPR) is 29.85%.

LSI Industries Company Profile

LSI Industries Inc (NASDAQ: LYTS) is a designer and manufacturer of commercial lighting, digital displays, and related visual communication solutions. The company serves businesses and organizations that need integrated lighting, signage, and brand presentation systems for indoor and outdoor environments.

LSI’s lighting products include LED fixtures, lighting controls, and specialized systems for applications such as retail stores, commercial and industrial facilities, sports venues, educational institutions, and outdoor spaces.