LSI Industries (NASDAQ:LYTS) Shares Break Above 50 Day Moving Average – Should You Sell?

LSI Industries Inc. (NASDAQ:LYTS) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $20.54 and traded as high as $20.83. LSI Industries shares last traded at $20.61, with a volume of 222,126 shares changing hands.

Analysts Set New Price Targets

LYTS has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Wall Street Zen raised shares of LSI Industries from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. Morgan Stanley set a $30.00 target price on shares of LSI Industries in a research note on Friday, August 21st. HC Wainwright reissued a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a report on Friday, October 2nd. Finally, Oppenheimer cut their price target on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

LSI Industries Trading Up 1.7%

The company has a market capitalization of $768.96 million, a PE ratio of 30.76 and a beta of 0.48. The stock has a fifty day moving average of $20.54 and a two-hundred day moving average of $21.96. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%. As a group, sell-side analysts anticipate that LSI Industries Inc. will post 0.82 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, August 31st. LSI Industries’s dividend payout ratio (DPR) is currently 29.85%.

Insiders Place Their Bets

In other LSI Industries news, CFO James Galeese sold 8,269 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total value of $166,124.21. Following the completion of the transaction, the chief financial officer directly owned 190,740 shares in the company, valued at approximately $3,831,966.60. This represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernest W. Marshall, Jr. bought 2,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was purchased at an average cost of $19.73 per share, with a total value of $39,460.00. Following the transaction, the director directly owned 28,643 shares in the company, valued at approximately $565,126.39. This represents a 7.51% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 96,345 shares of company stock valued at $1,928,267 over the last three months. 4.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LSI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of LYTS. Rockefeller Capital Management L.P. grew its holdings in LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after purchasing an additional 625 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of LSI Industries during the second quarter valued at approximately $31,000. PenderFund Capital Management Ltd. purchased a new position in shares of LSI Industries during the second quarter valued at approximately $41,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of LSI Industries in the 2nd quarter worth approximately $41,000. Finally, New York State Teachers Retirement System boosted its position in shares of LSI Industries by 28.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock worth $46,000 after purchasing an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc (NASDAQ: LYTS) designs and manufactures commercial lighting and display solutions for businesses and organizations. Its offerings include indoor and outdoor LED lighting, lighting controls, digital signage, visual display systems, and related graphics and branding products.

The company serves a range of markets, including petroleum and convenience stores, quick-service restaurants, automotive dealerships, grocery and retail locations, sports facilities, and other commercial and industrial environments.