LSI Industries (NASDAQ:LYTS) has been assigned a $7.00 price objective by Roth Capital in a report released on Thursday. The firm currently has a “hold” rating on the construction company’s stock. Roth Capital’s price target points to a potential downside of 2.91% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, October 4th. Canaccord Genuity reissued a “buy” rating and set a $9.00 target price on shares of LSI Industries in a research note on Thursday, October 26th.
Shares of LSI Industries (NASDAQ LYTS) opened at $7.21 on Thursday. LSI Industries has a 52-week low of $4.99 and a 52-week high of $10.68. The company has a market capitalization of $185.96, a price-to-earnings ratio of 35.40, a PEG ratio of 1.42 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 2.64.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. LSI Industries had a positive return on equity of 3.27% and a negative net margin of 4.02%. The company had revenue of $87.47 million during the quarter, compared to the consensus estimate of $82.45 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. sell-side analysts forecast that LSI Industries will post 0.2 earnings per share for the current fiscal year.
In other news, VP James E. Galeese bought 7,641 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $6.54 per share, with a total value of $49,972.14. Following the purchase, the vice president now directly owns 2,379 shares in the company, valued at $15,558.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Howard E. Japlon bought 5,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $6.88 per share, for a total transaction of $34,400.00. Following the completion of the purchase, the vice president now owns 23,500 shares in the company, valued at $161,680. The disclosure for this purchase can be found here. 6.37% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Royce & Associates LP raised its stake in LSI Industries by 0.7% during the 2nd quarter. Royce & Associates LP now owns 2,027,469 shares of the construction company’s stock valued at $18,349,000 after purchasing an additional 14,100 shares during the period. Dimensional Fund Advisors LP raised its stake in LSI Industries by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,851,348 shares of the construction company’s stock valued at $12,237,000 after purchasing an additional 23,486 shares during the period. Chartwell Investment Partners LLC raised its stake in LSI Industries by 1.7% during the 3rd quarter. Chartwell Investment Partners LLC now owns 1,587,655 shares of the construction company’s stock valued at $10,494,000 after purchasing an additional 26,372 shares during the period. Deprince Race & Zollo Inc. raised its stake in LSI Industries by 34.8% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,305,743 shares of the construction company’s stock valued at $8,631,000 after purchasing an additional 337,188 shares during the period. Finally, Vanguard Group Inc. raised its stake in LSI Industries by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 969,955 shares of the construction company’s stock valued at $8,778,000 after purchasing an additional 24,178 shares during the period. 73.18% of the stock is currently owned by institutional investors.
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About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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