LSI Industries (NASDAQ:LYTS) Upgraded at StockNews.com

StockNews.com upgraded shares of LSI Industries (NASDAQ:LYTS) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

A number of other analysts also recently weighed in on the company. HC Wainwright upped their target price on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Canaccord Genuity Group raised their target price on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a report on Friday, January 24th.

LSI Industries Trading Down 7.0 %

LYTS stock opened at $14.71 on Tuesday. LSI Industries has a 52 week low of $13.63 and a 52 week high of $25.50. The company has a market capitalization of $440.14 million, a PE ratio of 19.10 and a beta of 0.70. The company’s 50-day simple moving average is $17.18 and its 200 day simple moving average is $18.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. As a group, sell-side analysts anticipate that LSI Industries will post 0.7 earnings per share for the current year.

Institutional Trading of LSI Industries

Several institutional investors and hedge funds have recently modified their holdings of LYTS. Barclays PLC raised its stake in LSI Industries by 117.1% during the third quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after acquiring an additional 37,660 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in LSI Industries by 228.8% in the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock valued at $672,000 after purchasing an additional 24,096 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in LSI Industries in the fourth quarter valued at approximately $317,000. SG Americas Securities LLC lifted its stake in shares of LSI Industries by 24.1% in the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after acquiring an additional 2,731 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of LSI Industries by 4.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock valued at $910,000 after acquiring an additional 1,876 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors.

About LSI Industries

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.