LSI Industries (NASDAQ:LYTS) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of LSI Industries (NASDAQ:LYTS – Get Rating) in a research report sent to investors on Thursday. The firm issued a strong-buy rating on the construction company’s stock.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group lifted their price objective on LSI Industries from $12.00 to $16.00 and gave the company a buy rating in a research note on Friday, January 27th. HC Wainwright lifted their price objective on LSI Industries from $16.50 to $20.00 and gave the company a buy rating in a research note on Friday, January 27th. Finally, Craig Hallum initiated coverage on LSI Industries in a research note on Monday, January 9th. They issued a buy rating and a $18.00 price objective for the company. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, LSI Industries currently has a consensus rating of Buy and a consensus target price of $16.50.

LSI Industries Trading Down 3.6 %

LSI Industries stock traded down $0.48 during midday trading on Thursday, reaching $12.90. 516,404 shares of the stock traded hands, compared to its average volume of 235,402. The company has a 50-day simple moving average of $14.00 and a two-hundred day simple moving average of $11.15. LSI Industries has a 12-month low of $5.41 and a 12-month high of $16.00. The firm has a market cap of $363.39 million, a PE ratio of 17.20 and a beta of 1.09. The company has a current ratio of 2.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.37.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Monday, February 6th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 26.67%.

Institutional Investors Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Systematic Financial Management LP raised its position in shares of LSI Industries by 3.4% during the 3rd quarter. Systematic Financial Management LP now owns 2,203,045 shares of the construction company’s stock worth $16,941,000 after acquiring an additional 73,144 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of LSI Industries by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,695,963 shares of the construction company’s stock worth $20,759,000 after acquiring an additional 24,814 shares in the last quarter. WealthTrust Axiom LLC raised its position in shares of LSI Industries by 0.8% during the 4th quarter. WealthTrust Axiom LLC now owns 1,029,452 shares of the construction company’s stock worth $12,600,000 after acquiring an additional 7,854 shares in the last quarter. BlackRock Inc. raised its position in shares of LSI Industries by 1.3% during the 1st quarter. BlackRock Inc. now owns 826,278 shares of the construction company’s stock worth $4,958,000 after acquiring an additional 10,754 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of LSI Industries by 0.4% during the 4th quarter. North Star Investment Management Corp. now owns 444,639 shares of the construction company’s stock worth $5,442,000 after acquiring an additional 1,620 shares in the last quarter. Institutional investors and hedge funds own 59.72% of the company’s stock.

About LSI Industries

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LSI Industries, Inc engages in the provision a variety of lighting solutions. It operates through the following business segments: Lighting and Graphics. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum or convenience store market.