LSI Industries (NASDAQ:LYTS) Shares Gap Up – Still a Buy?

LSI Industries Inc. (NASDAQ:LYTS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $17.92, but opened at $18.32. LSI Industries shares last traded at $17.62, with a volume of 45,304 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on LYTS. Canaccord Genuity Group raised their price target on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. HC Wainwright raised 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, January 24th.

LSI Industries Price Performance

The company has a market cap of $526.01 million, a price-to-earnings ratio of 22.83 and a beta of 1.00. The stock has a 50 day simple moving average of $19.36 and a two-hundred day simple moving average of $18.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data 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 4.47% and a return on equity of 11.25%. On average, equities research analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were given a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.14%. LSI Industries’s payout ratio is 25.97%.

Hedge Funds Weigh In On LSI Industries

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in shares of LSI Industries by 894.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company’s stock worth $41,000 after purchasing an additional 1,888 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of LSI Industries during the fourth quarter valued at about $46,000. Quarry LP purchased a new stake in shares of LSI Industries in the 3rd quarter valued at approximately $39,000. Fortitude Family Office LLC boosted its position in shares of LSI Industries by 1,559.9% during the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock worth $62,000 after purchasing an additional 2,995 shares during the period. Finally, Quantbot Technologies LP increased its holdings in LSI Industries by 777.3% in the 4th quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company’s stock valued at $71,000 after purchasing an additional 3,218 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

About LSI Industries

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.