Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of LSI Industries from a hold rating to a sell rating in a report on Wednesday, November 2nd. Roth Capital set a $12.00 target price on shares of LSI Industries and gave the stock a buy rating in a report on Friday, October 28th.
LSI Industries (NASDAQ:LYTS) traded down 0.21% on Wednesday, hitting $9.73. The stock had a trading volume of 26,758 shares. The firm has a market cap of $243.39 billion, a price-to-earnings ratio of 37.42 and a beta of 1.66. The company’s 50 day moving average price is $9.95 and its 200 day moving average price is $10.73. LSI Industries has a 52-week low of $8.12 and a 52-week high of $13.45.
LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, October 27th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.05. The firm earned $84.16 million during the quarter, compared to the consensus estimate of $85.65 million. LSI Industries had a return on equity of 4.95% and a net margin of 2.05%. Analysts expect that LSI Industries will post $0.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, November 7th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, November 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 76.93%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. bought a new position in LSI Industries during the third quarter valued at approximately $128,000. The Manufacturers Life Insurance Company bought a new position in LSI Industries during the third quarter valued at approximately $215,000. SECOR Capital Advisors LP bought a new position in LSI Industries during the third quarter valued at approximately $272,000. Rhumbline Advisers increased its position in LSI Industries by 1.2% in the third quarter. Rhumbline Advisers now owns 29,166 shares of the company’s stock valued at $328,000 after buying an additional 360 shares during the period. Finally, Teachers Advisors LLC increased its position in LSI Industries by 14.6% in the third quarter. Teachers Advisors LLC now owns 43,328 shares of the company’s stock valued at $487,000 after buying an additional 5,520 shares during the period. 77.92% of the stock is owned by institutional investors and hedge funds.
LSI Industries Company Profile
LSI Industries Inc is a provider of corporate visual image solutions through the combination of digital and screen graphics capabilities, various indoor and outdoor lighting products, lighting control systems and related professional services. The Company operates through three segments: Lighting Segment, Graphics Segment and Technology Segment.
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