LSI Industries (NASDAQ:LYTS) Upgraded to “Hold” at Zacks Research

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

Several other analysts have also commented on the company. Craig Hallum reaffirmed a “buy” rating and issued a $28.00 price target on shares of LSI Industries in a research note on Friday, August 22nd. Wall Street Zen raised LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 24th. Weiss Ratings raised LSI Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Finally, Canaccord Genuity Group boosted their price target on LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 25th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

LSI Industries Stock Performance

LYTS opened at $22.99 on Tuesday. The stock has a market cap of $702.76 million, a PE ratio of 29.10 and a beta of 0.25. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 0.19. LSI Industries has a 1 year low of $13.77 and a 1 year high of $25.50. The stock’s 50 day simple moving average is $23.00 and its 200-day simple moving average is $19.26.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $97.02 million for the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%. Sell-side analysts forecast that LSI Industries will post 0.7 EPS for the current year.

Insiders Place Their Bets

In other LSI Industries news, VP Thomas A. Caneris sold 7,544 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $174,115.52. Following the transaction, the vice president owned 114,016 shares of the company’s stock, valued at approximately $2,631,489.28. The trade was a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Anthony Clark sold 26,597 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $613,858.76. Following the sale, the chief executive officer owned 421,313 shares of the company’s stock, valued at approximately $9,723,904.04. The trade was a 5.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 94,780 shares of company stock valued at $2,198,983. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LSI Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of LSI Industries during the first quarter worth $34,000. State of Alaska Department of Revenue bought a new stake in shares of LSI Industries during the third quarter worth $38,000. EverSource Wealth Advisors LLC bought a new stake in shares of LSI Industries during the second quarter worth $47,000. BNP Paribas Financial Markets raised its position in shares of LSI Industries by 22.0% during the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock worth $69,000 after acquiring an additional 736 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of LSI Industries by 141.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock worth $74,000 after acquiring an additional 2,555 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

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.