Roth Capital set a $7.00 price objective on LSI Industries (NASDAQ:LYTS) in a research report released on Thursday morning. The brokerage currently has a hold rating on the construction company’s stock.
A number of other brokerages also recently commented on LYTS. Zacks Investment Research upgraded LSI Industries from a hold rating to a buy rating and set a $7.50 target price on the stock in a research note on Wednesday, November 1st. Canaccord Genuity restated a buy rating and issued a $9.00 target price on shares of LSI Industries in a research note on Thursday, October 26th.
Shares of LSI Industries (NASDAQ LYTS) traded up $0.30 during mid-day trading on Thursday, hitting $7.21. The stock had a trading volume of 171,272 shares, compared to its average volume of 74,553. LSI Industries has a fifty-two week low of $4.99 and a fifty-two week high of $10.68. The company has a quick ratio of 1.45, a current ratio of 2.64 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $185.96, a price-to-earnings ratio of 36.05, a PEG ratio of 1.44 and a beta of 1.68.
LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, topping 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 firm had revenue of $87.47 million for the quarter, compared to the consensus estimate of $82.45 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. equities analysts expect that LSI Industries will post 0.19 earnings per share for the current year.
In related news, VP Howard E. Japlon bought 5,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $6.88 per share, for a total transaction of $34,400.00. Following the completion of the purchase, the vice president now directly owns 23,500 shares of the company’s stock, valued at $161,680. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James E. Galeese bought 7,641 shares of the stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $6.54 per share, for a total transaction of $49,972.14. Following the purchase, the vice president now directly owns 2,379 shares of the company’s stock, valued at $15,558.66. The disclosure for this purchase can be found here. 6.37% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in LSI Industries by 1.7% during the second quarter. Russell Investments Group Ltd. now owns 22,000 shares of the construction company’s stock worth $200,000 after purchasing an additional 370 shares in the last quarter. Rhumbline Advisers boosted its position in LSI Industries by 1.5% during the second quarter. Rhumbline Advisers now owns 29,529 shares of the construction company’s stock worth $267,000 after purchasing an additional 430 shares in the last quarter. Bank of America Corp DE boosted its position in LSI Industries by 4.7% during the first quarter. Bank of America Corp DE now owns 21,915 shares of the construction company’s stock worth $222,000 after purchasing an additional 983 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in LSI Industries by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,374 shares of the construction company’s stock worth $220,000 after purchasing an additional 2,591 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in LSI Industries by 19.9% during the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after purchasing an additional 2,645 shares in the last quarter. Institutional investors own 73.18% of the company’s stock.
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LSI Industries Company Profile
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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