LSI Industries (NASDAQ:LYTS) Shares Gap Up - Time to Buy?

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $17.92, but opened at $18.32. LSI Industries shares last traded at $17.62, with a volume of 45,304 shares.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LYTS. HC Wainwright increased their price target on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Canaccord Genuity Group raised their target price on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, StockNews.com cut shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

LSI Industries Price Performance

The company has a fifty day simple moving average of $19.29 and a 200-day simple moving average of $18.60. The company has a market cap of $514.34 million, a P/E ratio of 22.32 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20.

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

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LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries's dividend payout ratio (DPR) is currently 25.97%.

Institutional Investors Weigh In On LSI Industries

Several hedge funds have recently made changes to their positions in LYTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in LSI Industries by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company's stock worth $312,000 after purchasing an additional 684 shares in the last quarter. Martingale Asset Management L P raised its position in LSI Industries by 1.4% during the third quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company's stock valued at $1,328,000 after buying an additional 1,102 shares during the period. Swiss National Bank lifted its stake in LSI Industries by 2.5% in the 4th quarter. Swiss National Bank now owns 52,700 shares of the construction company's stock worth $1,023,000 after acquiring an additional 1,300 shares in the last quarter. MetLife Investment Management LLC boosted its position in LSI Industries by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock worth $324,000 after acquiring an additional 1,362 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in LSI Industries by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company's stock worth $1,590,000 after acquiring an additional 1,652 shares during the period. Hedge funds and other institutional investors own 73.91% of the company's stock.

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.