LSI Industries (NASDAQ:LYTS) Shares Gap Up – Time to Buy?

LSI Industries Inc. (NASDAQ:LYTS) shares gapped up before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LYTS shares. Canaccord Genuity Group upped their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a report on Friday, January 24th. HC Wainwright boosted their price target on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com cut LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday.

LSI Industries Trading Up 1.3 %

The company has a market capitalization of $515.42 million, a PE ratio of 22.37 and a beta of 1.00. The company has a fifty day simple moving average of $19.24 and a 200-day simple moving average of $18.63. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS) last released 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 11.25% and a net margin of 4.47%. Analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.16%. LSI Industries’s dividend payout ratio (DPR) is 25.97%.

Institutional Inflows and Outflows

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