Brokerages Set LSI Industries Inc. (NASDAQ:LYTS) Target Price at $28.75

Shares of LSI Industries Inc. (NASDAQ:LYTS) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.75.

LYTS has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Oppenheimer assumed coverage on shares of LSI Industries in a research report on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price target on the stock. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings raised shares of LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th.

Insiders Place Their Bets

In other LSI Industries news, Director Wilfred T. Ogara sold 10,369 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director owned 103,686 shares of the company’s stock, valued at $2,497,795.74. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas A. Caneris sold 109,226 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the completion of the sale, the executive vice president directly owned 64,790 shares of the company’s stock, valued at approximately $1,573,749.10. The trade was a 62.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 256,173 shares of company stock valued at $6,220,368 over the last 90 days. 7.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LSI Industries

A number of large investors have recently added to or reduced their stakes in LYTS. Northwestern Mutual Wealth Management Co. boosted its position in LSI Industries by 205.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after purchasing an additional 1,031 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of LSI Industries by 57.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after buying an additional 625 shares during the period. Strs Ohio acquired a new position in LSI Industries in the 1st quarter valued at about $34,000. New York State Teachers Retirement System acquired a new position in LSI Industries in the 4th quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC bought a new position in LSI Industries in the 2nd quarter valued at about $47,000. Institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $23.93 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The stock has a 50 day moving average price of $24.63 and a 200 day moving average price of $21.94. The stock has a market capitalization of $878.47 million, a PE ratio of 31.91 and a beta of 0.53. LSI Industries has a 52 week low of $17.20 and a 52 week high of $27.36.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 8.90% and a net margin of 3.91%. Analysts predict that LSI Industries will post 0.78 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, May 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. LSI Industries’s dividend payout ratio (DPR) is presently 26.67%.

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.