LSI Industries (NASDAQ:LYTS) EVP Sells $2,653,099.54 in Stock

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 109,226 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $2,653,099.54. Following the completion of the sale, the executive vice president directly owned 64,790 shares in the company, valued at $1,573,749.10. The trade was a 62.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

LSI Industries Trading Down 0.5%

LYTS traded down $0.13 during midday trading on Monday, reaching $24.10. 564,238 shares of the company’s stock traded hands, compared to its average volume of 318,448. LSI Industries Inc. has a 52 week low of $15.92 and a 52 week high of $24.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. The firm has a fifty day moving average of $21.45 and a two-hundred day moving average of $20.46. The stock has a market capitalization of $884.71 million, a price-to-earnings ratio of 32.13 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The business had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. On average, equities analysts anticipate that LSI Industries Inc. will post 0.81 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th were issued a $0.05 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.20 annualized dividend and a yield of 0.8%. LSI Industries’s dividend payout ratio is 26.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LYTS. Wall Street Zen lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Finally, Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.33.

Hedge Funds Weigh In On LSI Industries

Large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans bought a new stake in LSI Industries during the 3rd quarter valued at about $10,288,000. Royce & Associates LP raised its holdings in LSI Industries by 50.0% in the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock worth $24,678,000 after buying an additional 348,598 shares during the last quarter. AltraVue Capital LLC lifted its stake in shares of LSI Industries by 2.1% in the third quarter. AltraVue Capital LLC now owns 1,339,140 shares of the construction company’s stock worth $31,617,000 after buying an additional 27,140 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of LSI Industries by 8.7% during the fourth quarter. Legato Capital Management LLC now owns 394,103 shares of the construction company’s stock valued at $7,220,000 after buying an additional 31,429 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of LSI Industries by 153.3% during the fourth quarter. State of Alaska Department of Revenue now owns 4,146 shares of the construction company’s stock valued at $74,000 after buying an additional 2,509 shares during the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.