Canaccord Genuity Group Forecasts Strong Price Appreciation for LSI Industries (NASDAQ:LYTS) Stock

LSI Industries (NASDAQ:LYTS) had its target price raised by Canaccord Genuity Group from $22.00 to $26.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Separately, HC Wainwright upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday.

LSI Industries Stock Performance

Shares of LYTS stock opened at $22.08 on Friday. The firm has a 50 day moving average of $19.87 and a two-hundred day moving average of $17.40. The stock has a market capitalization of $658.87 million, a PE ratio of 27.95 and a beta of 0.93. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. LSI Industries has a 52 week low of $13.35 and a 52 week high of $25.50.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a net margin of 4.88% and a return on equity of 11.71%. On average, research analysts predict that LSI Industries will post 0.86 EPS for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Monday, February 3rd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 25.32%.

Institutional Trading of LSI Industries

Institutional investors have recently bought and sold shares of the business. Phocas Financial Corp. acquired a new stake in shares of LSI Industries during the 3rd quarter worth about $3,682,000. Systematic Financial Management LP raised its holdings in LSI Industries by 7.1% during the third quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock worth $39,392,000 after purchasing an additional 162,160 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of LSI Industries during the 3rd quarter worth approximately $611,000. Barclays PLC boosted its holdings in shares of LSI Industries by 117.1% in the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after buying an additional 37,660 shares in the last quarter. Finally, Annex Advisory Services LLC grew its position in shares of LSI Industries by 28.7% in the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock valued at $2,656,000 after buying an additional 30,464 shares during the last quarter. 73.91% of the stock is 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.