Canaccord Genuity reissued their buy rating on shares of LSI Industries Inc. (NASDAQ:LYTS) in a research note published on Monday, August 7th. They currently have a $9.00 target price on the construction company’s stock.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded LSI Industries from a sell rating to a hold rating in a research note on Thursday, June 29th. Roth Capital cut LSI Industries from a buy rating to a hold rating and lowered their target price for the company from $13.00 to $7.00 in a research note on Friday, August 4th.
LSI Industries (LYTS) traded up 1.01% during midday trading on Monday, hitting $5.98. The stock had a trading volume of 118,436 shares. LSI Industries has a 12 month low of $4.99 and a 12 month high of $11.55. The company has a market cap of $151.89 million, a P/E ratio of 42.41 and a beta of 1.56. The firm’s 50-day moving average price is $7.89 and its 200 day moving average price is $9.02.
LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $83.42 million during the quarter, compared to analysts’ expectations of $86.55 million. LSI Industries had a net margin of 1.13% and a return on equity of 3.77%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. On average, analysts expect that LSI Industries will post $0.14 earnings per share for the current fiscal year.
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The business also recently disclosed a dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Monday, August 28th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 24th. LSI Industries’s payout ratio is 133.34%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Genesee Valley Trust Co. bought a new position in shares of LSI Industries during the second quarter worth about $103,000. American International Group Inc. boosted its position in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after buying an additional 963 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of LSI Industries by 19.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after buying an additional 2,645 shares during the last quarter. UBS Group AG boosted its position in shares of LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after buying an additional 890 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of LSI Industries during the second quarter worth about $152,000. Institutional investors and hedge funds own 76.74% of the company’s stock.
LSI Industries Company Profile
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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