LSI Industries Inc. $LYTS Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in LSI Industries Inc. (NASDAQ:LYTS) by 20.2% during the 4th quarter, Holdings Channel reports. The firm owned 407,936 shares of the construction company’s stock after purchasing an additional 68,441 shares during the quarter. Kennedy Capital Management LLC’s holdings in LSI Industries were worth $7,473,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Bailard Inc. grew its position in shares of LSI Industries by 3.4% in the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock valued at $280,000 after purchasing an additional 500 shares during the period. Osaic Holdings Inc. lifted its stake in shares of LSI Industries by 11.8% in the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after buying an additional 635 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of LSI Industries by 22.0% in the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock worth $69,000 after buying an additional 736 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of LSI Industries by 1.2% in the third quarter. Two Sigma Investments LP now owns 59,774 shares of the construction company’s stock worth $1,411,000 after buying an additional 737 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of LSI Industries by 205.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after buying an additional 1,031 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $25.58 on Monday. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average price is $22.45 and its 200-day moving average price is $20.88. LSI Industries Inc. has a twelve month low of $16.00 and a twelve month high of $26.56. The company has a market cap of $939.04 million, a P/E ratio of 34.11 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS 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 firm had revenue of $150.53 million for the quarter, compared to analysts’ expectations of $163.53 million. On average, sell-side analysts forecast that LSI Industries Inc. will post 0.78 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

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

Insiders Place Their Bets

In other LSI Industries news, EVP Thomas A. Caneris sold 109,226 shares of LSI Industries stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the transaction, the executive vice president directly owned 64,790 shares of the company’s stock, valued at $1,573,749.10. The trade was a 62.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wilfred T. Ogara sold 10,369 shares of LSI Industries stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director directly owned 103,686 shares in the company, valued at $2,497,795.74. This trade represents a 9.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 256,173 shares of company stock valued at $6,220,368 over the last ninety days. Company insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Oppenheimer assumed coverage on shares of LSI Industries in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 price target on the stock. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.75.

LSI Industries 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.