LSI Industries (NASDAQ:LYTS) Shares Gap Up – Here’s Why

LSI Industries Inc. (NASDAQ:LYTS) 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 trading hands.

Analysts Set New Price Targets

LYTS has been the topic of several research reports. StockNews.com lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. HC Wainwright raised their price target on LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Canaccord Genuity Group increased their price objective on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 24th.

LSI Industries Stock Up 0.4 %

The company has a market capitalization of $521.52 million, a PE ratio of 22.64 and a beta of 1.00. The firm has a fifty day simple moving average of $19.15 and a 200-day simple moving average of $18.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08.

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 net margin of 4.47% and a return on equity of 11.25%. Equities research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.15%. LSI Industries’s payout ratio is 25.97%.

Institutional Investors Weigh In On LSI Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Systematic Financial Management LP increased its holdings in shares of LSI Industries by 4.3% during the 4th quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock worth $49,382,000 after purchasing an additional 103,724 shares during the period. WealthTrust Axiom LLC raised its stake in shares of LSI Industries by 1.1% in the fourth quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company’s stock worth $13,530,000 after acquiring an additional 7,647 shares during the last quarter. State Street Corp lifted its holdings in LSI Industries by 1.1% during the 3rd quarter. State Street Corp now owns 574,275 shares of the construction company’s stock worth $9,275,000 after buying an additional 6,098 shares in the last quarter. G2 Investment Partners Management LLC increased its position in LSI Industries by 1.4% in the fourth quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company’s stock worth $7,903,000 after purchasing an additional 5,470 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its stake in LSI Industries by 0.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock valued at $6,481,000 after acquiring an additional 3,000 shares during the last quarter. 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.