Canaccord Genuity Group Has Lowered Expectations for LSI Industries (NASDAQ:LYTS) Stock Price

LSI Industries (NASDAQ:LYTS - Free Report) had its price target decreased by Canaccord Genuity Group from $26.00 to $22.00 in a report published on Friday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the construction company's stock.

A number of other research analysts have also recently issued reports on LYTS. StockNews.com raised shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. HC Wainwright lifted their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th.

LSI Industries Trading Down 1.5 %

LYTS stock traded down $0.22 on Friday, reaching $14.65. The company's stock had a trading volume of 244,532 shares, compared to its average volume of 131,524. The business has a fifty day simple moving average of $16.94 and a two-hundred day simple moving average of $18.59. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The firm has a market cap of $438.34 million, a PE ratio of 19.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The company had revenue of $132.48 million during the quarter, compared to analyst estimates of $129.72 million. As a group, research analysts forecast that LSI Industries will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. LSI Industries's payout ratio is 27.78%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LYTS. Invesco Ltd. raised its holdings in shares of LSI Industries by 354.1% during the fourth quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock valued at $4,734,000 after purchasing an additional 190,095 shares during the last quarter. Expect Equity LLC bought a new stake in LSI Industries during the fourth quarter valued at approximately $2,391,000. Systematic Financial Management LP grew its position in LSI Industries by 4.3% during the fourth quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company's stock valued at $49,382,000 after buying an additional 103,724 shares during the period. Anderson Financial Strategies LLC bought a new stake in LSI Industries during the fourth quarter valued at approximately $1,279,000. Finally, JPMorgan Chase & Co. grew its position in LSI Industries by 203.0% during the fourth quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company's stock valued at $1,681,000 after buying an additional 57,989 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.