LSI Industries (NASDAQ:LYTS) Price Target Raised to $18.00

LSI Industries (NASDAQ:LYTS) had its price objective hoisted by equities researchers at Canaccord Genuity Group from $17.00 to $18.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 18.58% from the company’s current price.

Other research analysts have also issued research reports about the stock. HC Wainwright restated a “buy” rating and issued a $20.00 price target on shares of LSI Industries in a research report on Monday. 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 Price Performance

Shares of NASDAQ:LYTS opened at $15.18 on Friday. LSI Industries has a 12 month low of $11.44 and a 12 month high of $16.97. The stock has a market cap of $441.28 million, a price-to-earnings ratio of 16.68 and a beta of 0.85. The stock’s 50 day moving average price is $14.57 and its 200 day moving average price is $14.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.24.

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

Hedge Funds Weigh In On LSI Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Annex Advisory Services LLC purchased a new position in shares of LSI Industries during the 1st quarter valued at $1,091,000. Los Angeles Capital Management LLC grew its holdings in shares of LSI Industries by 54.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 89,483 shares of the construction company’s stock valued at $1,353,000 after acquiring an additional 31,483 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of LSI Industries by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock valued at $6,640,000 after acquiring an additional 6,500 shares in the last quarter. G2 Investment Partners Management LLC lifted its stake in shares of LSI Industries by 23.5% in the 4th quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock valued at $5,982,000 after purchasing an additional 80,818 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of LSI Industries by 10.0% in the 4th quarter. Franklin Resources Inc. now owns 179,763 shares of the construction company’s stock valued at $2,531,000 after purchasing an additional 16,300 shares during the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

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.