LSI Industries Inc. (NASDAQ:LYTS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of LSI Industries Inc. (NASDAQ:LYTS) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $28.75.

LYTS has been the subject of a number of analyst reports. Wall Street Zen lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded LSI Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Finally, Oppenheimer began coverage on LSI Industries in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 price objective for the company.

Insider Activity

In other news, CFO James E. Galeese sold 136,578 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the transaction, the chief financial officer directly owned 173,288 shares in the company, valued at $4,209,165.52. This represents a 44.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Wilfred T. Ogara sold 10,369 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director directly owned 103,686 shares of the company’s stock, valued at $2,497,795.74. This trade represents a 9.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 256,173 shares of company stock valued at $6,220,368 in the last 90 days. 7.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in LYTS. Northwestern Mutual Wealth Management Co. lifted its stake in shares of LSI Industries by 205.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after purchasing an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in LSI Industries by 57.4% during the 4th 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 last quarter. New York State Teachers Retirement System purchased a new stake in LSI Industries during the 4th quarter worth approximately $36,000. Strs Ohio acquired a new position in shares of LSI Industries in the 1st quarter valued at approximately $34,000. Finally, Quarry LP acquired a new position in shares of LSI Industries in the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Trading Up 1.2%

LSI Industries stock opened at $25.17 on Tuesday. The stock has a 50-day moving average price of $24.66 and a 200 day moving average price of $22.54. LSI Industries has a 52 week low of $17.20 and a 52 week high of $27.36. The stock has a market cap of $923.99 million, a PE ratio of 33.56 and a beta of 0.56. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

LSI Industries Company Profile

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.