LSI Industries (NASDAQ:LYTS) Shares Gap Down – Time to Sell?

LSI Industries Inc. (NASDAQ:LYTS) gapped down before the market opened on Monday . The stock had previously closed at $20.65, but opened at $19.45. LSI Industries shares last traded at $19.7150, with a volume of 25,927 shares traded.

Analyst Upgrades and Downgrades

LYTS has been the subject of a number of recent research reports. Weiss Ratings upgraded LSI Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Craig Hallum restated a “buy” rating and issued a $28.00 price objective on shares of LSI Industries in a report on Friday, August 22nd. Wall Street Zen raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 24th. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Canaccord Genuity Group lifted their target price on LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

LSI Industries Stock Up 1.5%

The stock’s fifty day simple moving average is $22.88 and its 200-day simple moving average is $19.35. The stock has a market cap of $603.44 million, a P/E ratio of 25.08 and a beta of 0.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.17 and a current ratio of 1.99.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results 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 during the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%. As a group, research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 17th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, November 17th. LSI Industries’s dividend payout ratio (DPR) is 25.00%.

Insider Activity

In related news, CFO James E. Galeese sold 54,575 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $23.29, for a total transaction of $1,271,051.75. Following the completion of the sale, the chief financial officer directly owned 173,288 shares in the company, valued at $4,035,877.52. This represents a 23.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas A. Caneris sold 7,544 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total value of $174,115.52. Following the completion of the sale, the vice president owned 114,016 shares of the company’s stock, valued at $2,631,489.28. The trade was a 6.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 94,780 shares of company stock valued at $2,198,983 over the last quarter. Company insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Systematic Financial Management LP boosted its stake in shares of LSI Industries by 1.0% during the 2nd quarter. Systematic Financial Management LP now owns 2,592,372 shares of the construction company’s stock valued at $44,096,000 after purchasing an additional 26,546 shares in the last quarter. Vanguard Group Inc. grew its stake in LSI Industries by 3.2% in the third quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock worth $39,133,000 after purchasing an additional 50,722 shares during the period. Thrivent Financial for Lutherans bought a new position in LSI Industries in the third quarter worth $10,288,000. New York State Common Retirement Fund boosted its holdings in shares of LSI Industries by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 294,015 shares of the construction company’s stock valued at $6,942,000 after buying an additional 2,500 shares in the last quarter. Finally, Archon Capital Management LLC grew its position in shares of LSI Industries by 67.8% in the 2nd quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company’s stock worth $4,846,000 after buying an additional 115,124 shares during the period. 73.91% of the stock is currently owned by institutional investors.

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.