LSI Industries Inc. (NASDAQ:LYTS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $7.50 target price on the construction company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 7.91% from the company’s previous close.
According to Zacks, “LSI Industries is an Image Solutions company, combining integrated design, manufacturing, & technology to supply its own high quality lighting fixtures and graphics elements for applications in the retail, specialty niche, & commercial markets. The Company’s Lighting Segment produces high performance products dedicated to the outdoor, architectural outdoor, indoor, architectural indoor and accent/downlight markets. The Graphics Segment provides a vast array of products and services including signage, menu board systems, active digital signage, decorative fixturing, design support, engineering & project management for custom programs for today’s retail environment. The Company’s Technology Segment develops and designs high performance light engines, digital signage and other products using LED lighting technology, including large format LED video screens for the entertainment & sports markets. LSI’s major markets are the petroleum convenience store multisite retail & the commercial industrial lighting markets. “
LYTS has been the subject of several other reports. Roth Capital set a $6.00 price objective on shares of LSI Industries and gave the company a “hold” rating in a research report on Friday, October 6th. Canaccord Genuity restated a “buy” rating and set a $9.00 price objective on shares of LSI Industries in a research report on Thursday, October 26th. Finally, TheStreet downgraded shares of LSI Industries from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th.
Shares of LSI Industries (NASDAQ:LYTS) opened at 6.95 on Wednesday. The company’s 50-day moving average price is $6.61 and its 200-day moving average price is $7.71. LSI Industries has a 52-week low of $4.99 and a 52-week high of $10.68. The company has a market capitalization of $177.27 million, a price-to-earnings ratio of 58.90 and a beta of 1.64.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.19%. The business had revenue of $87.47 million during the quarter, compared to the consensus estimate of $82.45 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Equities research analysts forecast that LSI Industries will post $0.20 EPS for the current fiscal year.
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In other news, VP James E. Galeese acquired 9,025 shares of the stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $5.53 per share, for a total transaction of $49,908.25. Following the completion of the transaction, the vice president now directly owns 824 shares in the company, valued at $4,556.72. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Howard E. Japlon acquired 10,000 shares of the stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $5.90 per share, with a total value of $59,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $109,150. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 42,525 shares of company stock valued at $249,675. Company insiders own 6.37% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LYTS. Systematic Financial Management LP bought a new stake in shares of LSI Industries during the second quarter worth $5,914,000. Deprince Race & Zollo Inc. grew its stake in shares of LSI Industries by 21.7% during the second quarter. Deprince Race & Zollo Inc. now owns 968,555 shares of the construction company’s stock worth $8,765,000 after buying an additional 172,527 shares during the last quarter. Cove Street Capital LLC grew its stake in shares of LSI Industries by 66.7% during the second quarter. Cove Street Capital LLC now owns 250,000 shares of the construction company’s stock worth $2,262,000 after buying an additional 100,000 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of LSI Industries by 6.4% during the second quarter. Chartwell Investment Partners LLC now owns 1,561,283 shares of the construction company’s stock worth $14,130,000 after buying an additional 94,298 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of LSI Industries by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,827,862 shares of the construction company’s stock worth $16,542,000 after buying an additional 55,073 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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