HC Wainwright Increases LSI Industries (NASDAQ:LYTS) Price Target to $30.00

LSI Industries (NASDAQ:LYTS) had its target price increased by equities research analysts at HC Wainwright from $20.00 to $30.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. HC Wainwright’s price objective would suggest a potential upside of 21.36% from the stock’s previous close.

LSI Industries Price Performance

LYTS stock opened at $24.72 on Friday. LSI Industries has a 52-week low of $13.35 and a 52-week high of $25.50. The stock’s fifty day simple moving average is $19.74 and its 200-day simple moving average is $17.29. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $737.64 million, a price-to-earnings ratio of 31.29 and a beta of 0.93.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. Equities research analysts expect that LSI Industries will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in LSI Industries by 24.1% in the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after acquiring an additional 2,731 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in LSI Industries by 28.7% in the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock valued at $2,656,000 after acquiring an additional 30,464 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in LSI Industries by 1,559.9% in the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock valued at $62,000 after acquiring an additional 2,995 shares during the last quarter. Barclays PLC boosted its holdings in LSI Industries by 117.1% in the third quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after acquiring an additional 37,660 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in LSI Industries in the third quarter valued at $205,000. Institutional investors and hedge funds 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.