LSI Industries (NASDAQ:LYTS) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of LSI Industries (NASDAQ:LYTS - Free Report) from a buy rating to a strong-buy rating in a report issued on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group upped their price target on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. HC Wainwright upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, January 24th.

LSI Industries Stock Up 1.1 %

LYTS traded up $0.16 during midday trading on Tuesday, reaching $14.87. The company's stock had a trading volume of 331,827 shares, compared to its average volume of 130,951. LSI Industries has a 1 year low of $13.63 and a 1 year high of $25.50. The stock's 50-day moving average is $17.06 and its 200-day moving average is $18.57. The firm has a market capitalization of $444.93 million, a price-to-earnings ratio of 19.31 and a beta of 0.70. 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 (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. As a group, research analysts expect that LSI Industries will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, May 5th. LSI Industries's payout ratio is currently 25.97%.

Hedge Funds Weigh In On LSI Industries

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in shares of LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock worth $41,000 after acquiring an additional 1,888 shares during the period. Aquatic Capital Management LLC bought a new stake in LSI Industries in the 4th quarter worth approximately $46,000. Fortitude Family Office LLC raised its stake in LSI Industries by 1,559.9% during the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock valued at $62,000 after buying an additional 2,995 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of LSI Industries by 777.3% during the 4th quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock valued at $71,000 after buying an additional 3,218 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of LSI Industries during the 4th quarter valued at $82,000. 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.