LSI Industries (NASDAQ:LYTS) Rating Reiterated by HC Wainwright

HC Wainwright reiterated their buy rating on shares of LSI Industries (NASDAQ:LYTS) in a research report sent to investors on Monday morning, Benzinga reports. They currently have a $20.00 price objective on the construction company’s stock.

Separately, StockNews.com upgraded shares of LSI Industries from a buy rating to a strong-buy rating in a research report on Saturday, February 3rd.

LSI Industries Stock Up 0.5 %

LYTS stock opened at $14.59 on Monday. The company has a market cap of $424.13 million, a P/E ratio of 16.03 and a beta of 0.85. LSI Industries has a 52 week low of $11.44 and a 52 week high of $16.97. The company’s 50-day moving average price is $14.55 and its 200 day moving average price is $14.15. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.13. The firm had revenue of $109.01 million for the quarter, compared to the consensus estimate of $107.70 million. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. On average, research analysts expect that LSI Industries will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of LSI Industries

A number of hedge funds have recently bought and sold shares of LYTS. EAM Investors LLC acquired a new stake in LSI Industries during the third quarter worth approximately $2,847,000. New York State Common Retirement Fund boosted its position in LSI Industries by 1,506.6% during the third quarter. New York State Common Retirement Fund now owns 163,873 shares of the construction company’s stock worth $2,602,000 after acquiring an additional 153,673 shares during the last quarter. Legato Capital Management LLC boosted its position in LSI Industries by 37.9% during the fourth quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock worth $5,301,000 after acquiring an additional 103,480 shares during the last quarter. G2 Investment Partners Management LLC boosted its position in LSI Industries by 23.5% during the fourth quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock worth $5,982,000 after acquiring an additional 80,818 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in LSI Industries during the first quarter worth approximately $1,091,000. Institutional investors and hedge funds 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.