LSI Industries (NASDAQ:LYTS) Director Wilfred Ogara Sells 10,369 Shares of Stock

LSI Industries Inc. (NASDAQ:LYTS) Director Wilfred Ogara sold 10,369 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the completion of the sale, the director directly owned 103,686 shares of the company’s stock, valued at $2,497,795.74. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LSI Industries Stock Performance

LYTS stock opened at $24.10 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $884.71 million, a price-to-earnings ratio of 32.13 and a beta of 0.53. LSI Industries Inc. has a 12 month low of $15.92 and a 12 month high of $24.99. The firm has a 50 day moving average of $21.54 and a two-hundred day moving average of $20.49.

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

LSI Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on LYTS shares. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Hedge Funds Weigh In On LSI Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of LSI Industries by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock worth $39,133,000 after purchasing an additional 50,722 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of LSI Industries by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,122 shares of the construction company’s stock worth $27,232,000 after purchasing an additional 6,783 shares in the last quarter. AltraVue Capital LLC increased its position in shares of LSI Industries by 8.0% during the 4th quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after purchasing an additional 106,693 shares in the last quarter. Royce & Associates LP increased its position in shares of LSI Industries by 16.4% during the 4th quarter. Royce & Associates LP now owns 1,216,349 shares of the construction company’s stock worth $22,284,000 after purchasing an additional 171,124 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of LSI Industries by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 763,182 shares of the construction company’s stock worth $13,985,000 after purchasing an additional 26,700 shares in the last quarter. 73.91% of the stock is owned by institutional investors.

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.