LSI Industries (NASDAQ:LYTS) Rating Lowered to Buy at StockNews.com

LSI Industries (NASDAQ:LYTS - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Monday.

A number of other research analysts have also recently weighed in on the stock. 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 report on Friday, January 24th. HC Wainwright raised their price objective on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, January 24th.

LSI Industries Trading Up 0.5 %

LSI Industries stock traded up $0.08 during trading on Monday, reaching $15.80. The company had a trading volume of 104,226 shares, compared to its average volume of 127,975. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The firm has a market capitalization of $472.75 million, a price-to-earnings ratio of 20.52 and a beta of 0.70. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The stock's 50 day moving average price is $17.68 and its two-hundred day moving average price is $18.61.

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 11.25% and a net margin of 4.47%. As a group, equities analysts expect that LSI Industries will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of LSI Industries by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company's stock valued at $312,000 after acquiring an additional 684 shares in the last quarter. Rhumbline Advisers raised its position in shares of LSI Industries by 2.1% in the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after purchasing an additional 858 shares in the last quarter. Swiss National Bank boosted its stake in shares of LSI Industries by 2.5% during the 4th quarter. Swiss National Bank now owns 52,700 shares of the construction company's stock valued at $1,023,000 after buying an additional 1,300 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of LSI Industries by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock worth $324,000 after buying an additional 1,362 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of LSI Industries by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company's stock worth $1,590,000 after buying an additional 1,652 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.

About LSI Industries

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.