StockNews.com Downgrades LSI Industries (NASDAQ:LYTS) to Buy

StockNews.com lowered shares of LSI Industries (NASDAQ:LYTS - Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other research analysts have also weighed in on LYTS. Canaccord Genuity Group lifted their price target on shares of LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, January 24th. HC Wainwright raised their price objective 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 Up 0.4 %

Shares of LYTS stock traded up $0.07 on Friday, hitting $17.43. The stock had a trading volume of 84,374 shares, compared to its average volume of 123,360. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. LSI Industries has a twelve month low of $13.63 and a twelve month high of $25.50. The company has a fifty day moving average price of $19.15 and a two-hundred day moving average price of $18.64. The firm has a market cap of $521.52 million, a P/E ratio of 22.64 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. As a group, analysts forecast that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries's payout ratio is 25.97%.

Hedge Funds Weigh In On LSI Industries

Several hedge funds have recently made changes to their positions in LYTS. Invesco Ltd. lifted its position in shares of LSI Industries by 354.1% in the fourth quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock worth $4,734,000 after purchasing an additional 190,095 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of LSI Industries by 7.1% during the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company's stock worth $39,392,000 after buying an additional 162,160 shares during the last quarter. Expect Equity LLC bought a new position in shares of LSI Industries in the 4th quarter valued at about $2,391,000. Anderson Financial Strategies LLC bought a new stake in LSI Industries during the fourth quarter worth about $1,279,000. Finally, JPMorgan Chase & Co. raised its holdings in LSI Industries by 203.0% during the fourth quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company's stock worth $1,681,000 after acquiring an additional 57,989 shares in the last quarter. 73.91% of the stock is owned by 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.