James Galeese Sells 8,141 Shares of LSI Industries (NASDAQ:LYTS) Stock

LSI Industries Inc. (NASDAQ:LYTS) CFO James Galeese sold 8,141 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $19.78, for a total value of $161,028.98. Following the transaction, the chief financial officer directly owned 199,009 shares in the company, valued at $3,936,398.02. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

LSI Industries Stock Down 1.8%

LSI Industries stock traded down $0.38 during midday trading on Wednesday, reaching $20.27. The company’s stock had a trading volume of 495,662 shares, compared to its average volume of 350,959. 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 stock has a market capitalization of $744.11 million, a P/E ratio of 30.25 and a beta of 0.56. The stock’s 50-day simple moving average is $24.40 and its 200-day simple moving average is $22.66. LSI Industries Inc. has a 52-week low of $17.20 and a 52-week high of $27.36.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%.The business had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. On average, sell-side analysts expect that LSI Industries Inc. will post 1.18 EPS for the current year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. LSI Industries’s payout ratio is currently 29.85%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Oppenheimer lowered their price objective on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. HC Wainwright restated a “buy” rating on shares of LSI Industries in a research note on Friday, August 21st. Finally, Morgan Stanley set a $30.00 target price on LSI Industries in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Trending Headlines about LSI Industries

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Long-term earnings outlook improved: HC Wainwright maintained its “Buy” rating and raised its EPS forecasts for fiscal 2028 to $1.55 from $1.52, fiscal 2029 to $2.04 from $1.96, and fiscal 2030 to $2.54 from $2.45. The firm projects EPS could reach $3.16 by fiscal 2031, compared with the current-year consensus of $1.18, supporting the growth thesis for LSI Industries.
• Positive Sentiment: Insider buying provides a confidence signal: Director Ernest Marshall Jr. purchased 2,000 shares at $19.73, increasing his position by 7.51%. Insider Buying: LSI Industries Director Buys 2,000 Shares
• Positive Sentiment: Recent results beat expectations: LSI Industries reported quarterly EPS of $0.38 versus the $0.35 consensus and revenue of $234.62 million versus estimates of $222.78 million. The earnings call characterized the past year as transformational, potentially reinforcing confidence in the company’s strategic progress. LSI Industries Earnings Call Highlights Transformational Year
• Neutral Sentiment: Shareholder returns remain modest: The company declared a quarterly dividend of $0.05, or $0.20 annually, representing an approximately 1% yield and a payout ratio near 30%.
• Neutral Sentiment: Short-interest data offers little insight: Reported short interest was zero shares, so there is no meaningful short-covering or short-squeeze factor affecting the stock.
• Negative Sentiment: Mixed analyst signals and technical weakness may be weighing on sentiment: Oppenheimer reduced its price target to $29 from $30, while some firms maintain Hold ratings. LYTS is also trading below both its 50-day and 200-day moving averages, indicating near-term selling pressure despite the longer-term earnings optimism.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in LSI Industries during the second quarter valued at $72,118,000. California State Teachers Retirement System grew its position in LSI Industries by 3,782.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,005,548 shares of the construction company’s stock worth $26,727,000 after purchasing an additional 979,650 shares during the period. Thrivent Financial for Lutherans grew its position in LSI Industries by 70.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 742,592 shares of the construction company’s stock worth $13,604,000 after purchasing an additional 306,864 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of LSI Industries during the 2nd quarter valued at about $6,232,000. Finally, Juniper Investment Company LLC raised its stake in shares of LSI Industries by 211.0% during the 4th quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock valued at $6,256,000 after buying an additional 231,693 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

About LSI Industries

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.