HC Wainwright Boosts LSI Industries (NASDAQ:LYTS) Price Target to $30.00

LSI Industries (NASDAQ:LYTS) had its target price boosted by equities researchers at HC Wainwright from $20.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. HC Wainwright’s target price would indicate a potential upside of 35.87% from the stock’s current price.

LSI Industries Stock Down 10.7 %

Shares of NASDAQ:LYTS opened at $22.08 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. LSI Industries has a 52-week low of $13.35 and a 52-week high of $25.50. The firm has a market capitalization of $658.87 million, a P/E ratio of 27.95 and a beta of 0.93. The stock has a 50 day moving average price of $19.87 and a 200-day moving average price of $17.42.

LSI Industries (NASDAQ:LYTS) last posted 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 return on equity of 11.71% and a net margin of 4.88%. As a group, equities research analysts anticipate that LSI Industries will post 0.86 EPS for the current fiscal year.

Institutional Trading of LSI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Phocas Financial Corp. purchased a new stake in LSI Industries during the 3rd quarter valued at about $3,682,000. Systematic Financial Management LP lifted its holdings in shares of 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 valued at $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 third quarter valued at $611,000. Barclays PLC boosted its position in shares of LSI Industries by 117.1% during the third 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 during the last quarter. Finally, Annex Advisory Services LLC increased its holdings in LSI Industries by 28.7% in the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock worth $2,656,000 after buying an additional 30,464 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

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.