LSI Industries (NASDAQ:LYTS) Stock Rating Lowered by Wall Street Zen

LSI Industries (NASDAQ:LYTS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently commented on the stock. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Canaccord Genuity Group increased their price target on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 23rd. HC Wainwright reiterated a “buy” rating and set a $30.00 price target on shares of LSI Industries in a report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of LSI Industries in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, LSI Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

LSI Industries Price Performance

Shares of LYTS opened at $23.32 on Friday. The stock has a market cap of $856.08 million, a PE ratio of 31.09 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. LSI Industries has a fifty-two week low of $15.31 and a fifty-two week high of $24.99. The firm’s 50-day simple moving average is $20.65 and its two-hundred day simple moving average is $20.35.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The business had revenue of $150.53 million during the quarter, compared to analysts’ expectations of $163.53 million. Analysts anticipate that LSI Industries will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LSI Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYTS. Thrivent Financial for Lutherans purchased a new stake in LSI Industries in the third quarter worth approximately $10,288,000. Royce & Associates LP boosted its holdings in LSI Industries by 50.0% in the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock worth $24,678,000 after purchasing an additional 348,598 shares during the last quarter. Juniper Investment Company LLC boosted its holdings in LSI Industries by 211.0% in the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock worth $6,256,000 after purchasing an additional 231,693 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in LSI Industries by 163.7% in the third quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock worth $8,015,000 after purchasing an additional 210,728 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in LSI Industries by 259.7% in the first quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock worth $4,917,000 after purchasing an additional 190,840 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

About LSI Industries

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.