LSI Industries (NASDAQ:LYTS - Get Free Report) had its price objective increased by equities researchers at HC Wainwright from $20.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. HC Wainwright's price target would suggest a potential upside of 36.02% from the company's current price.
LSI Industries Stock Performance
Shares of LYTS traded down $2.67 during mid-day trading on Friday, hitting $22.06. 390,361 shares of the company traded hands, compared to its average volume of 179,101. The stock has a 50-day moving average price of $19.74 and a two-hundred day moving average price of $17.29. The stock has a market cap of $658.12 million, a price-to-earnings ratio of 27.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. LSI Industries has a 1 year low of $13.35 and a 1 year high of $25.50.
LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. Equities analysts anticipate that LSI Industries will post 0.86 earnings per share for the current year.
Institutional Investors Weigh In On LSI Industries
Several institutional investors have recently modified their holdings of LYTS. Hsbc Holdings PLC lifted its position in shares of LSI Industries by 8.1% during the second quarter. Hsbc Holdings PLC now owns 57,998 shares of the construction company's stock worth $836,000 after purchasing an additional 4,341 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of LSI Industries in the 2nd quarter worth approximately $375,000. Squarepoint Ops LLC acquired a new stake in shares of LSI Industries in the 2nd quarter worth $191,000. AQR Capital Management LLC raised its position in shares of LSI Industries by 8.1% in the 2nd quarter. AQR Capital Management LLC now owns 143,829 shares of the construction company's stock valued at $2,081,000 after purchasing an additional 10,790 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of LSI Industries during the third quarter worth $183,000. 73.91% of the stock is owned by institutional investors.
About LSI Industries
(
Get Free Report)
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.
Featured Stories
Before you consider LSI Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LSI Industries wasn't on the list.
While LSI Industries currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
