LSI Industries Inc. (NASDAQ:LYTS) Stock Has Average Target Price of $29.00 According to Analysts

LSI Industries Inc. (NASDAQ:LYTS) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

Several research analysts recently issued reports on LYTS shares. Weiss Ratings cut shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Morgan Stanley set a $30.00 price target on shares of LSI Industries in a report on Friday, August 21st. Wall Street Zen raised LSI Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Oppenheimer reduced their price objective on LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Finally, HC Wainwright reissued a “buy” rating on shares of LSI Industries in a report on Friday, August 21st.

Insider Buying and Selling

In related news, EVP Thomas Caneris sold 5,560 shares of LSI Industries stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total transaction of $111,700.40. Following the completion of the transaction, the executive vice president directly owned 76,279 shares in the company, valued at approximately $1,532,445.11. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Galeese sold 8,269 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,831,966.60. The trade was a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,345 shares of company stock valued at $1,928,267 in the last ninety days. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On LSI Industries

Several institutional investors have recently made changes to their positions in LYTS. BlackRock Inc. purchased a new stake in LSI Industries during the second quarter worth $72,118,000. Dimensional Fund Advisors LP grew its position in LSI Industries by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,122 shares of the construction company’s stock valued at $27,232,000 after buying an additional 6,783 shares during the period. AltraVue Capital LLC increased its holdings in LSI Industries by 8.0% in the fourth quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock valued at $26,488,000 after buying an additional 106,693 shares in the last quarter. Wellington Management Group LLP increased its holdings in LSI Industries by 5.4% in the second quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company’s stock valued at $36,490,000 after buying an additional 70,033 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of LSI Industries by 16.4% in the fourth quarter. Royce & Associates LP now owns 1,216,349 shares of the construction company’s stock worth $22,284,000 after acquiring an additional 171,124 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $21.09 on Wednesday. LSI Industries has a twelve month low of $17.20 and a twelve month high of $27.36. The company’s 50 day moving average is $21.98 and its 200 day moving average is $22.41. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. The company has a market cap of $785.81 million, a PE ratio of 31.48 and a beta of 0.52.

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 analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $234.62 million during the quarter, compared to analyst estimates of $222.78 million. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. On average, sell-side analysts forecast that LSI Industries will post 0.82 EPS for the current year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 31st. LSI Industries’s dividend payout ratio (DPR) is 29.85%.

About LSI Industries

LSI Industries Inc (NASDAQ: LYTS) is a designer and manufacturer of commercial lighting, digital displays, and related visual communication solutions. The company serves businesses and organizations that need integrated lighting, signage, and brand presentation systems for indoor and outdoor environments.

LSI’s lighting products include LED fixtures, lighting controls, and specialized systems for applications such as retail stores, commercial and industrial facilities, sports venues, educational institutions, and outdoor spaces.