LSI Industries (NASDAQ:LYTS) Shares Gap Up - What's Next?

Shares of LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $17.00, but opened at $17.57. LSI Industries shares last traded at $17.10, with a volume of 20,600 shares changing hands.

Analyst Ratings Changes

Several brokerages recently weighed in on LYTS. StockNews.com cut shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Canaccord Genuity Group raised their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, HC Wainwright lifted their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, January 24th.

LSI Industries Price Performance

The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $18.98 and a two-hundred day moving average of $18.62. The stock has a market cap of $484.42 million, a price-to-earnings ratio of 21.03 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, equities research analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current year.

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LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Monday, February 3rd. LSI Industries's payout ratio is currently 25.97%.

Institutional Trading of LSI Industries

Large investors have recently bought and sold shares of the company. Invesco Ltd. increased its holdings in LSI Industries by 354.1% in the fourth quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock valued at $4,734,000 after buying an additional 190,095 shares during the last quarter. Systematic Financial Management LP increased its position in LSI Industries by 7.1% in the third 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 period. Expect Equity LLC acquired a new position in LSI Industries during the 4th quarter valued at about $2,391,000. Anderson Financial Strategies LLC bought a new position in LSI Industries in the 4th quarter worth approximately $1,279,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 57,989 shares during the period. Institutional investors and hedge funds 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.